I believe the EPD ratio is exactly that, i.e. the Table M insurance charge.
As for the Panning question, I approached it as a Butsic Interest Rate/Feldblum
IRR question: Assume the investor puts up the surplus (which was given as a
function of both undiscounted and discounted losses) and together with the
premium grows at an investment ROR to provide for the loss at t=5 and also the
ROE for the investor. Panning works this similarly out using different notation.
Can anyone explain the Butsic Interest Rate MC question (the one which had
something to do with a $225 dividend)?
Overall I thought it was a relatively (and I stress the word relatively)
straightforward exam. There were a few too many fluff type questions (for
Ferrari, D'Arcy Doherty, and Stone, just define the variables. What's up with
that?) Most of the folks at the Hartford sitting said they had plenty of time to
finish the exam (how often does that happen?).
Could the passing score be as high as 70?