To Vladimir: I believe Feldblum does mention and show the effect of ROE
using a premium to surplus assumption in the text of his article, but the
ommission of Fixed expenses certainly makes the problem dubious.
I think the test was on the easy side though maybe longer than prior exams,
which is probably bad news for me (I make stupid mistakes). I expect the
passing score to be around 65% or 70%.
Good luck to all,
Jeff
To: VShander
cc: studygroup6 (bcc: Jeff Courchene)
From: SNICHOLS@genre.com
Date: 11.05.98 16:51:16
Subject: after exam
In my opinion, the exam relied to heavily on useless memorization. The
standards questions are the perfect example of this. The Feldblum question
confused me too. Besides the memorization, I thought the exam was O.K.,
which is probably bad news!!
Susan
To: studygroup6
cc: (bcc: Susan K. Nichols)
From: VShander@compuserve.com
Date: 05/11/98 10:31:21 AM
Subject: after exam
I am not sure this still works. However, I'd like to know what people feel
after exam.
There was a lot of standards. I especially liked the request to 'discuss 3
standards that are summarized under communication and disclosures in the
Expert standard'
It seems to me that the Feldblum's auto problem is not perfect (3 rd time
in a row). That is,
Feldblum did not do return on equity in his article, and in asset share
model the necessary surplus changes from year to year.
Vladimir