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Search: Posts Made By: act_123
Forum: Exam 9 - Financial Risk & Rate of Return Yesterday, 09:45 AM
Replies: 292
Views: 22,427
Posted By act_123
These were worse. There were two questions not...

These were worse. There were two questions not even on the syllabus.

The prepaid mortgage question with the CMOs and different tranches.

The forward rate contract question. I forget what...
Forum: Exam 9 - Financial Risk & Rate of Return Yesterday, 09:40 AM
Replies: 292
Views: 22,427
Posted By act_123
Did you see the link I sent with the FPA Pearson...

Did you see the link I sent with the FPA Pearson spreadsheet.
Forum: Exam 9 - Financial Risk & Rate of Return 08-06-2020, 01:21 PM
Replies: 292
Views: 22,427
Posted By act_123
Easier to understand. But they ask harder...

Easier to understand. But they ask harder questions on it then the rest of the syllabus.
Forum: Chat with the Candidates & Exam Committee 08-06-2020, 12:39 PM
Replies: 36
Views: 3,208
Posted By act_123
Thanks Marcie. Very interesting read to hear...

Thanks Marcie. Very interesting read to hear people's perspectives.
Forum: Exam 9 - Financial Risk & Rate of Return 08-06-2020, 10:01 AM
Replies: 292
Views: 22,427
Posted By act_123
My point wasn't the formulas were hard to...

My point wasn't the formulas were hard to memorize. Merely that the questions are more trick, puzzle questions where you need to really understand everything.

And yes the law of one price...
Forum: Exam 9 - Financial Risk & Rate of Return 08-06-2020, 09:02 AM
Replies: 292
Views: 22,427
Posted By act_123
Last exam they asked two questions related to the...

Last exam they asked two questions related to the optimal risky portfolio using treynor black theorem and lots of reman sums. They were not easy.

You really had to understand the formula and...
Forum: Exam 9 - Financial Risk & Rate of Return 08-06-2020, 09:01 AM
Replies: 292
Views: 22,427
Posted By act_123
They can always ask the footnote in BKM about the...

They can always ask the footnote in BKM about the optimization utility formula which is even more complicated.
Forum: Exam 9 - Financial Risk & Rate of Return 08-06-2020, 06:48 AM
Replies: 292
Views: 22,427
Posted By act_123
There were zero memorization questions last...

There were zero memorization questions last sitting. A lot of puzzles though.
Forum: Chat with the Candidates & Exam Committee 08-04-2020, 11:39 AM
Replies: 36
Views: 3,208
Posted By act_123
It's a good question. I don't think it will...

It's a good question. I don't think it will devalue the exams. So much money is tied up to passing exams. The incentive is still there.

Honestly as an ACAS with one missing test, I have this...
Forum: Chat with the Candidates & Exam Committee 08-04-2020, 11:19 AM
Replies: 36
Views: 3,208
Posted By act_123
Who said a few exams don't matter? I don't...

Who said a few exams don't matter?

I don't think anyone is making that argument. I believe exams matter. I also believe experience matters too. Yet someone who passed all exams in three years...
Forum: Chat with the Candidates & Exam Committee 08-04-2020, 09:55 AM
Replies: 36
Views: 3,208
Posted By act_123
Let them pass exams. I have been taking exams...

Let them pass exams. I have been taking exams for over ten years. And I have one left that got a 5 on (on my first and only try) and haven't been able to take it again for over a year. I waited a...
Forum: Chat with the Candidates & Exam Committee 08-04-2020, 09:52 AM
Replies: 36
Views: 3,208
Posted By act_123
I am sorry what privileges are there for an ACAS?...

I am sorry what privileges are there for an ACAS? The fact they can write ACAS.

In that case let them pay half the membership fees or let them vote.

And yes the tests were much easier in your...
Forum: Chat with the Candidates & Exam Committee 08-03-2020, 06:43 PM
Replies: 36
Views: 3,208
Posted By act_123
Then let me take the same test you did. Because...

Then let me take the same test you did. Because they have gotten significantly harder over the years.
Forum: Chat with the Candidates & Exam Committee 08-03-2020, 05:12 PM
Replies: 36
Views: 3,208
Posted By act_123
So do you think ACAS should have to pay the same...

So do you think ACAS should have to pay the same membership fee as an FCAS?
Forum: Exam 9 - Financial Risk & Rate of Return 07-30-2020, 10:31 AM
Replies: 292
Views: 22,427
Posted By act_123
We will have to wait for August. Graphing is not...

We will have to wait for August. Graphing is not possible on that spreadsheet. Also drawing cash flows is not possible for forward contracts.
Forum: Sports 07-28-2020, 04:50 PM
Replies: 600
Views: 27,941
Posted By act_123
I don't understand how the Marlins can start...

I don't understand how the Marlins can start playing on Sunday with so many players with COVID...
Forum: Exam 9 - Financial Risk & Rate of Return 07-27-2020, 06:54 PM
Replies: 292
Views: 22,427
Posted By act_123
You should be able to solve for NPER.

You should be able to solve for NPER.
Forum: Exam 9 - Financial Risk & Rate of Return 07-27-2020, 06:15 PM
Replies: 292
Views: 22,427
Posted By act_123
Ahh. Good question, let me think about it.

Ahh. Good question, let me think about it.
Forum: Exam 9 - Financial Risk & Rate of Return 07-27-2020, 04:43 PM
Replies: 292
Views: 22,427
Posted By act_123
If N = 10 years and bond has annual coupons then...

If N = 10 years and bond has annual coupons then NPER = 10.

If N = 10 years and bond has semi-annual coupons then NPER = 10 * 2 = 20. NPER = Number of years * Periods per year.
Forum: Careers - Employment 07-27-2020, 03:48 PM
Replies: 37
Views: 2,603
Posted By act_123
Ten years ago at Geico is a long time...

Ten years ago at Geico is a long time...
Forum: Exam 9 - Financial Risk & Rate of Return 07-27-2020, 03:34 PM
Replies: 292
Views: 22,427
Posted By act_123
https://fpacert.afponline.org/preparation/fp-a-pre...

https://fpacert.afponline.org/preparation/fp-a-prep-exam

This is Pearson VUE spreadsheet for FPA.

Duration, MDURATION, Rate, PMT, PV, FV, etc. are all accepted formulas. All the formulas...
Forum: Careers - Employment 07-27-2020, 03:17 PM
Replies: 37
Views: 2,603
Posted By act_123
I have had friends who have worked there. So yes...

I have had friends who have worked there. So yes like ten years ago. But they all said the environment was great.
Forum: CAS Exams - General 07-27-2020, 03:15 PM
Replies: 37
Views: 3,004
Posted By act_123
This definitely a real concern, especially when...

This definitely a real concern, especially when you think of people taking their boards there. I imagine many people will take the exam no matter what.
Forum: CAS Exams - General 07-27-2020, 03:14 PM
Replies: 37
Views: 3,004
Posted By act_123
It looks like almost all functionality is there...

It looks like almost all functionality is there except for graphing.

I think the CAS should make sure there are no graphing questions. Even if the functionality is there (which I don't think it...
Forum: Exam 9 - Financial Risk & Rate of Return 07-27-2020, 03:10 PM
Replies: 292
Views: 22,427
Posted By act_123
Especially with a financial calculator you can...

Especially with a financial calculator you can calculate security prices and duration really quickly.
Showing results 1 to 25 of 300

 

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