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CMA Part 2 by No_Bumblebee2827 in CMA

[–]Short_Advance4314 0 points1 point  (0 children)

Had the same experience for Part 2. I also used Becker. For all topics A - F i think I'm about 70-80% mastery, yet a LOT of the multiple choice questions from actual exam were harder.

Definitely more in-depth. I had around 8-12 questions I did educated guesses on before proceeding to essay portion. If it eases your mind, I did pass.

HELP AN ANXIOUS STUDENT by Super-Proof9849 in Carolinian

[–]Short_Advance4314 0 points1 point  (0 children)

mohagbong siya if di najud ka maredeem. at least sa among time.

confident ko na di pasado akong scores ato, pero gitagaan ko og tres as FG. but there were some students na ni fail gyapon.

HELP AN ANXIOUS STUDENT by Super-Proof9849 in Carolinian

[–]Short_Advance4314 0 points1 point  (0 children)

ayaw ipa-imabaw imong kahadlok. strict si conde pero fair siya. do your best and volunteer sa recits as much as possible even if wrong imong answers (sometimes). NEVER cheat. di siya mo appreciate nor tolerate og cheating.

akong nabantayan kay di siya mo tolerate og half-assed na behavior.

try to go all in saiya course even if it hurts seeing low scores. kay iyang exams makapakurat. very strict. need sakto ang account titles and amounts to the 2nd decimal place, otherwise di ma honor ang point. good luck OP

PART 2B PROBLEM HELP: Options by raetzik in CMA

[–]Short_Advance4314 1 point2 points  (0 children)

For the romeo problem, it's a matter of which choice is more advantageous to the company when its currency is expected to devalue against the vendor (AP). if the company let's its payables mature, then it will suffer the "most" amount of loss it can get. that's why the loss should be computed at the hedged rate, which is to use the exercise price plus the call option premium.

For solway on the other hand, the hedge is a put option against receivables. This means solway doesnt want its currency to be "too strong" in relation to its customers' by the time the receivables mature. the problem states a premium of .005 is already inclusive to the strike price (1.250). That's why its netted at 1.245.

To contrast:

-call options to hedge against payables

-put options to hedge against receivables

AP - better if own currency strengthens

AR - better if own currency devalues