[
  {
    "exam": "FM",
    "query": "Calculate the duration and convexity of a 10-year bond with 6% coupon, trading at par with 5% yield",
    "complexity": "medium"
  },
  {
    "exam": "P",
    "query": "Find the distribution of the maximum of 5 iid Exponential(2) random variables",
    "complexity": "hard"
  },
  {
    "exam": "IFM",
    "query": "Design a minimum variance portfolio with 3 assets. Returns: [10%, 15%, 8%], volatilities: [25%, 30%, 20%], correlation matrix provided",
    "complexity": "hard"
  }
]