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second impact
College doesn’t test you on material you will use in the real world. If I go on to graduate and get a finance degree I will never see something like this in the real world
A bond with a par value of $1,000.00 and a coupon rate of 8.25% (semiannual coupon) has a current market value of $995.00. What is its nominal yield to maturity? The bond has 5 years to maturity.
Wherever I’m working will tell me how they want things done, and that’s how it will happen. They’ll show me and I’ll do it. This pass or fail system that we have nowadays is teaching kids how to memorize useless information just long enough to use on a test. There’s no actual learning. And even if a student is actually trying to learn the material, the class may move at a much faster pace than the student can handle. I can attest to this. Students are forced to learn at an accelerated pace barely absorbing the information and then are expected to know all the information they just barely gleamed over at the end of the semester. The idea is preposterous and I resent that higher education basically force feeds us facts and formulas and then tosses us out into the real world and expects us to function as members of a dumbfounded society.
