Can anyone advise on the number of decimal places CFAI will typical expect candidates to work with?
I know this may sound a little weird, but i was calculating the first question on EOC for swaps. By my calculations, i arrived at -88,000 as an answer and the right answer in the text was -92,500.
The difference was because CFAI rounded all calculations to four decimal places, i used 5 decimal places.
Is there a specific requirement for this that I am currently unaware of?
I know this may sound a little weird, but i was calculating the first question on EOC for swaps. By my calculations, i arrived at -88,000 as an answer and the right answer in the text was -92,500.
The difference was because CFAI rounded all calculations to four decimal places, i used 5 decimal places.
Is there a specific requirement for this that I am currently unaware of?