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