Bank of America Senior Associate Interview Questions and Answers

2 Easy Coding questions and 15 core java questions

Q1. Write function to calculate value of x to the power of n
Ans. 
Function to calculate x to the power of n
• Create a function that takes two parameters, x and n

• Use a loop to multiply x by itself n times

• Return the result
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Q2. Sliding window based array question
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Q1. Intersection of Linked List
Ans. 
Intersection of two linked lists is finding the node where they merge.
• Traverse both lists to find their lengths and the difference in lengths

• Move the pointer of the longer list by the difference in lengths

• Traverse both lists in parallel until they intersect
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Q2. Questions related to multi threading
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Q1. Basic hr questions
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The one-hour coding test included multiple-choice questions on Java and MySQL, as well as two coding questions.

Q1. It was based on Binary Search, Find the target element in the shifted sorted array.
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Q2. Comparator vs Comparable. Sort List of employee object using salary attribute
Ans. 
Comparator is used to define custom sorting logic, while Comparable is used to implement natural ordering. Sort list of employee objects by salary using Comparator.
• Create a Comparator implementation to compare employee objects based on salary attribute

• Use Collections.sort() method with the custom Comparator to sort the list of employee objects
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Q1. Basic OOps concepts.
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Q2. Dasic DBMS
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Q1. There were total of 4 rounds. First HR, then 2 tecnical where 1st was most intense.. 2nd was just follow up. Last round was just a conversation with director.
Ans. Just be yourself and answer calmly
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Q2. 1st Rapid fire round of questions from 4 interviewer panelists related to finance and stuff in your CV
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Q1. What are hedge funds, and what are their products and structures?
Ans. 
Hedge funds are investment funds that pool capital from accredited individuals or institutional investors and use various strategies to generate high returns.
• Hedge funds typically have high minimum investment requirements and are only available to accredited investors.

• They often use leverage and derivatives to amplify returns.

• Hedge funds can invest in a wide range of assets, including stocks, bonds, commodities, and re...read more
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Q2. What are bonds and what are the different types of bonds?
Ans. 
Bonds are debt securities issued by companies or governments to raise capital. Different types include corporate bonds, municipal bonds, and treasury bonds.
• Bonds are essentially loans that investors give to companies or governments in exchange for periodic interest payments and the return of the bond's face value at maturity.

• Corporate bonds are issued by corporations to raise capital for various purposes, such as expan...read more
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Q1. What are corporate actions and what are their types?
Ans. 
Corporate actions are events initiated by a public company that impact its shareholders and securities.
• Types of corporate actions include dividends, stock splits, mergers and acquisitions, rights issues, and spin-offs.

• Dividends are payments made to shareholders from a company's profits.

• Stock splits involve dividing existing shares into multiple shares to lower the price per share.

• Mergers and acquisitions occur when two...read more
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Q2. What is the difference between the dirty price and the clean price of a bond?
Ans. 
Dirty price includes accrued interest while clean price does not.
• Dirty price includes accrued interest that the buyer must pay to the seller on top of the bond's market price.

• Clean price is the market price of the bond without the accrued interest added.

• The difference between the dirty price and the clean price is the accrued interest.

• For example, if a bond has a clean price of $1,000 and accrued interest of $20, the d
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