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How important is Reading 28 - risk management swap strategies?

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Is Reading 28 the consensus hardest in level 3? I haven’t looked at any practice or prior exams.. Do swaps come up in the AM section? is it likely to be covered as a full items set in PM?

On the same topic.. are there any readings that are generally not given much weight on the actual exam? For example reading 19- Indexes and Benchmarks looks very easy and I wouldn’t expect much importance given to it..


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