Friday, January 11, 2008

63382 - DB

63382... That was my candidate number for the Actuary exam that I took in November 2007. On the SOA (Society of Actuaries) web site you can look at the list of passing candidate numbers from my exam today. So I checked it out.


No 63382.

So, I officially failed my first Actuary exam. I don't like failing, but I'm not completely heart broken over this. I kind of knew going into the exam that I was not 100% prepared for it, and given the difficulty level I sort of figured I wouldn't pass. There is just so much information on the exam, and I tried to learn it all in less that 3 months. I guess I just wasn't ready.

For my own entertainment I am putting a question from a previous exam below. Just to give you a taste of the level of difficulty:

A ten-year 100 par value bond pays 8% coupons semiannually. The bond is priced at
118.20 to yield an annual nominal rate of 6% convertible semiannually.
Calculate the redemption value of the bond.
(A) 97
(B) 100
(C) 103
(D) 106
(E) 109

Sadly, this is probably one of the easiest questions on the exam. If you can legitimately answer it, then post it in the comments.

Fortunately, God provided me a job at AE which starts on Jan. 28. I am super pumped about it, but also a little nervous. I may try to take the exam again in May, just to keep my options open and gain a sense of accomplishment. I know what I need to study and learn, so if I do decide to go after it, I won't fail again. (famous last words?)

1 comment :

  1. Did you try writing in "periwinkle"? I'm pretty sure that was the answer.