2 questions reported in Macquarie interviews, organised by the group that asks them. Every question carries a model answer and graded feedback on your own attempt.
Questions
2
Easy · Medium
0 · 2
Hard
0
Model builds
0
Built in the spreadsheet grid
Derivatives & Structuring
Greeks, skew, hedging costs and payoff construction. 1 question
Choose a Jet-Fuel Hedge When Demand Is Uncertain
Medium
A client-structuring case tests whether you match derivative certainty to uncertain operating volumes instead of simply maximising the hedge ratio.
An airline expects to consume 10m gallons of jet fuel next quarter, but bookings are volatile and management believes actual consumption could range from 7m to 10m gallons. Fuel costs are a major…