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PRMIA Exam 8007 Topic 1 Question 70 Discussion

Actual exam question for PRMIA's 8007 exam
Question #: 70
Topic #: 1
[All 8007 Questions]

In a portfolio there are 7 bonds: 2 AAA Corporate bonds, 2 AAA Agency bonds, 1 AA Corporate and 2 AA Agency bonds. By an unexplained characteristic the probability of any specific AAA bond outperforming the others is twice the probability of any specific AA bond outperforming the others. What is the probability that an AA bond or a Corporate bond outperforms all of the others?

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Suggested Answer: C

by Cassi at Apr 23, 2024, 09:56 PM

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Jenise
10 months ago
Not sure, but I heard it's used in optimization problems. Answer C makes sense.
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Luz
11 months ago
Yes, second derivatives form a matrix. I’m choosing C too.
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Bo
11 months ago
So, could it be the matrix of second derivatives? Answer C?
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Antonio
11 months ago
I believe it's something with a matrix... Jacobian or Hessian?
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Luz
11 months ago
I think it involves derivatives, maybe second derivatives.
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Bo
12 months ago
What is a Hessian? Interesting question.
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Mitzie
1 years ago
D) The point at which a minimum of a multidimensional function is achieved
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Rodolfo
1 years ago
C) A matrix of second derivatives of a function
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Charlene
1 years ago
B) The vector of partial derivatives of a contingent claim
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Delmy
1 years ago
A) Correlation matrix of market indices
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Cheryl
1 years ago
What is a Hessian?
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