Derivatives Trader was asked...January 18, 2016

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84.5 % (sum of 0.49x(0.42)^n)

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The way I approached it was as follows: Starting from the initial state, one player has to win 2 points in a row to win. If that does not happen, we're back to the initial state. Therefore, P(A) = 0.49, P(B) = 0.09, P(repeating) = 1 - P(A) - P(B) = 0.42 I enjoy using the intuition that A is 49/9 more likely to win and then find the probabilities by dividing both by 0.42 (making 49 and 9 add up to 100 while preserving their proportions). Grats on the JS offer! Less

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Shouldn't it be 0.7?

Equity Derivatives Trader Trainee Co-op was asked...February 18, 2011

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5/36

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5/36 is right.... Combinations that add up to six: 1 and 5, 2 and 4, 3 and 3, 4 and 2, 5 and 1. So we have 5 successes. There are 36 individual outcomes because there are 6 sides on each die and 6*6 = 36 So we have 5/36. Less

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1/6

Derivative Trader was asked...March 21, 2013

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12

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Actually, +/- 12

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Hey, could you please tell me more about the final round interview at their office? Less

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Chance of 1 Heads = .5 Chance of 7 heads in a row = (.5)^7 to do this in your head think of fractions... (1/2)^7 = (1/2*1/2=1/4, * 1/2=1/8, * 1/2 = 1/16....if you do it seven times you get 1/128. so you have a better chance to pick out the penny with two heads (1/100) than to get 7 heads in a row (1/128) Less

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99 times out of 100 you take the normal penny. prob that normal penny give 7 heads in a row is 1/128. so, prob that he has special penny is 1/100 / (1/100 + 0.99*1/128) = 56.2% Less

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~56.4% that you have the 2-headed penny.

Derivatives Analyst was asked...September 18, 2016

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40 choclates in total.

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43 chocolates

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30 chocolates for Rs. 30 then, 30/3 =10 Chocolates for 30 wrappers. Now, 10/3=3 Chocolates for that 10 Chocolate's wrapper (1 Remainder) now 3 Chocolate's wrapper+1 remainder=4/3=1 Chocolate (1 Remainder). 1w+1w=2 so there you won't get any chocolate after this. So total chocolates 30+10+3+1=44 Chocolates. Less

Financial Analyst - Derivatives was asked...May 24, 2010

Derivatives Trader was asked...May 18, 2012

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You’re making a profit. Selling at a higher price than what you bought

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The simple answer is that if you are short on a contango curve then you are losing money, for the curve is sloped positively. Less

Equity Derivatives Flow Trading was asked...March 3, 2014

Derivatives Analyst was asked...January 6, 2021

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I explain each and everything with examples

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How was the aptitude test? And what do they ask?

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1+2+3+4+5+6+7+8+9+10=55 55/10 = 5.5 = Average Expected Winning Price it higher then that number to be profitable Less

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Whatever will maximize the value from your customers.