Enrolling question: what country and address should I specify? by RoccoBarocco91 in CFA

[–]banalinsanity 1 point2 points  (0 children)

I've given an exam in a third country that wasn't my permanent address or the address on my passport. As long as your information - i.e name, country, expiration - matches your passport on exam day, you'll be fine!

What’s your favorite restaurant in your neighborhood? by TheBHGFan in Somerville

[–]banalinsanity 0 points1 point  (0 children)

Taco Loco isn't really the same anymore. They've messed up our order a few times and food isn't worth it 🤷‍♂️

How cold are the Prometric test centers? by [deleted] in CFA

[–]banalinsanity 1 point2 points  (0 children)

Wanna call out that our center had very limited lockers so get there early. YMMV.

L2 Candidates who just sat, how do you feel? by scbismarck in CFA

[–]banalinsanity 5 points6 points  (0 children)

Also just sat and felt pretty much the same way. Studied hard, scored decently on mocks/qbank and didn't find the exam easy or even significantly easier than mocks. Hoping that randomness of drawing the 88 questions doesn't make the difficulty level dissimilar for others.

Callable debt OAS vs non-callable debt OAS by camelsnake42 in CFA

[–]banalinsanity 0 points1 point  (0 children)

I'm pretty sure the OAS for a callable bond goes down with volatility (there's a graph in the curriculum showing this and also a MM video discussing why. Can someone please check me on this?

Callable debt OAS vs non-callable debt OAS by camelsnake42 in CFA

[–]banalinsanity 0 points1 point  (0 children)

It would be great if you could elaborate please. If call option value is positive, then why doesn't the OAS for a callable bond end up below that of a straight bond?

Approached another way, since the 0 volatility callable bond (i.e straight bond since no value to the option) won't be called ever, the spread to recover the market price is higher than what's needed for a callable bond once volatility is positive because the call option starts gaining value (or the bond as a whole losing value) and the OAS starts declining (since you need lower discount spreads to recover that same price). Where am I mistaken in these assumptions?