HI Omokeri, thanks for the information, could you explain what percentage of questions were purely mathematical and how many were application based like based on certain concepts such as covexity, gamma hedging etc? and how do you rate the difficulty level

hie EMC. How did exam 2 go?

hie Ngozi. i am intrested in some practise questions for exam 2. may you please kindly forward them to This email address is being protected from spambots. You need JavaScript enabled to view it.

thanks

Lloyd Makombo

I cant remember now, exam tension and all made me forget the questions.... However the exams are being pooled each time you write, So i cannot give the probability of questions.
but i remember i did not get any question on PCA.

Thanks Omokeri, could you tell if we need to concentrate on the excel interepretations given in the handbook for topics like regression analysis or excel interepretations are not askedin the exam.

Cheers!

[EDITED BY MUKUL PAREEK, FORUM MODERATOR, TO MAKE SURE WE DON'T ACCIDENTALLY VIOLATE PRMIA'S GUIDELINES]

Hi everyone
Sorry, I was away for a few days after the exam! Happy to say that I passed with 95%!

Let me try to remember some of the questions that came up...
- 2 questions on calculating portfolio volatility wich was pretty straightforward.
- One question about positive definite matrices )
- A probability question about the complements of A and B that was a but trickier
- A question on determinants of a matrix
- A question on the characteristics of skewness
- A question on how many iterations are needed when doing bisection
- A question on the width of class intervals and its impact

I think that's all I remember....

There was nothing on Greeks.

Hope this helps!
EMC

Please remove the exam question! your action of exposing the prm exam questions here has violate the ethic of prm!!!!
MUKUL, please take appropriate action.

N3ls0n, modified the prior post to remove specifics, but left the topic references as I think that is fair to share.

Hi guys, apologies, I did not realise sharing the questions was not allowed, was just trying to be helpful. Will remember for next time.

Just got my exam 2 result cleared it, preapring for exam 3.

hey,
want to ask one thing, is there any negative marking in prm exams?

Hi Ngozie

Congrats on passing exam 2!! I am preparing for exam 3 as well, do you have any particular ways to prepare for the exam as I am finding there are so much material to go through. I would appreciate if you can share some of your thoughts.

Thanks

Kelvin.

congrats ngozie!!!

@ Kelvin thanks so much Exam 3 is the core of the syllabus with lots of materials to read( just like exam 1)
My method..I go through the handbook at least two times,the first time i just read as if i'm reading a novel,second time i make notes for every important definition and formula again i always use riskprep practice questions.
@Imakombo, thanks..Its been awhile how is your studies?

are we allowed to use excel in exam?

No you don't use excel in the exam... you will not encounter any question on excel in the exam

Ngozie: thanks for your pointers. I found that it is so difficult to absorb or understand anything while reading the long and heavy passages. Did you have same problem? I am always uncertain if I have really memorized it or forgotten about it in few minutes.

Hi,

Does anyone know where the link to the excel sheets from Prmia is?

Hi I just cleared exam 2 and it was much simplier than I thought. But that is because I really set the target high. To pass the exam, you should be cormfotable with all the materials in the handbook. The riskprep questions are really good. Not the same as the exams anyway but its provides the main guidelines you need to pass. The most difficult questions are those qualitative ones. at times you need a good knowledge from different parts of the handbook in order to answer them. AS for quantitative questions, the hardest are those from the Greeks. but if u know the delta-vega-gamma approximations it will be ok. also u should know how to hedge using these greeks. for the others, its easy marks that u can easily grap by knowing simple probability and stats formulae, differentiation, intergration by part and by substitution and also duration and convexity.

Hey everyone.. i am little confused regarding this question i found on eduleap.. regarding arriving at the two year transition matrix from the one year one.. isnt no auto-correlation an essential assumption when multiplying two transition matrices? any clarification would be helpful.. thanks.

Dear Ngozie,
Could you help share any question paper for exam 2 - prm. I am happy that i joined you guys..
RiskPrep is helping me a lot.

Cheers,
Vageesh

sorry, to share PRM past questions is strickly forbiden. if you got the riskprep questions, that will be find. Just concerntrate on them, using them to identify your weaknesses and strength. then work on your weaknesses and the exams will be a joke!!

vageesh,sorry I can't share any question from the exam, like Wilson said exposing the prm exam questions here violates the ethic of prm. Exam 2 is very simple,just make sure you understand every chapter and you will be fine.
All the best

I am also preparing for Exam-2 and does i learn the Excel for formula/calculation or PRM question can be managed by the online calculator only.
How much calculation is there?

Hello,

I have started preparing for Exam II. Can anyone suggest me reference books as I feel handbook is not sufficient.


Thanks