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Vault Message Board: Investment Banking

Topic Name: How did you find the CFA paper?
Message Name: level II
Date Posted: 06/05/2000
In Reply To: I think this year level 2 of easier than usual. good derivative question however
Message: The binomial pricing question really kicked my ass. That came from a very obscure part of the reading and was never well explained. The ZAR/CHF currency question was also pretty hard. Using bid/ask spreads made it easy to get tripped up. The rest was more or less as expected, although there were too many template answers.

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