Exam 2014 solution - 1 Rotterdam School of Management RSM04FI\/BKM09FI Risk Management Personal information student Name Student number Written

Exam 2014 solution - 1 Rotterdam School of Management...

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1 Rotterdam School of Management RSM04FI/BKM09FI – Risk Management Personal information student Written examination General information Date examination: 15/12/2014 Lecturer: D. Bongaerts Time examination: 9:30 till 12:30 Type examination: Closed book Number of questions: 4 questions Number of pages: XX pages (incl. cover sheet) Name: ______________________________________ Student number: ______________________ Instructions You are allowed to use a calculator. You are not allowed to use a programmable calculator. You are not allowed to use notes. You are not allowed to use books You are not allowed to use a dictionary. You are not allowed to take the examination papers with you. You are not allowed to take the scrap paper with you. Additional information Use the answer sheets provided Please fill in your name and student number on every page There are 18 sub-questions, each carries the same weight Please scan the exam before you start answering the questions
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2 General grading guidelines: 1. Mistakes due to incorrect copying from question, incorrect copying from calculator or typos on a calculator (i.e. ‘calculation mistakes): -1; for these kind of errors it must be very clear that those are calculation errors. Moreover, if due to calculation errors you get results that make no sense whatsoever (i.e. answers that defy basic consistency checks), the deduction will be -2. 2. Absence of any explanation for theory questions or an answer that clearly shows severe lack of understanding: -3 to -5 depending on severeness 3. More common mistakes, such as forgetting a 2 in front of covariance term in the calculation of portfolio variance or wrong sign of a hedge position: -2 4. To discourage ‘shotgun answers’: incorrect statements do lead to deductions, even if the correct answer is contained somewhere else 5. Deductions are additive (e.g. a calculation mistake and a ‘common mistake’ together lead to a deduction of -3) 6. It is impossible to get negative points for questions 7. If you get a result that cannot possibly be right and correctly comment on that, I may, depending on the situation decide to grant you some of the points or deduct a lower number of points. Name : ____________________________________________________________ Student number : ____________________________________________________________
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