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    PRM Exam 1: Convertible bonds and Exotic Options

    #665
    Anonymous
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    Are convertible bonds and exotic options tested on the PRM exam 1? I looked at the syllabus online (link is below), and it does not include these two topics, but it is part of the PRM handbook under the Financial Instruments topic.

    Please advise. It would save me a lot of time if these two topics are not tested. Thanks!

    http://prmia.org/pdf/StudyGuide/PRMCandidateGuideMay2011-2.pdf

    #666
    Anonymous
    Guest

    They were excluded from the Exam in 2006.
    Trust the syllabus.

    #667
    Anonymous
    Guest

    Yes – you should exclude them. There are questions on Riskprep on these topics but are clearly marked so you can skip them.

    Mukul

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