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I too tried this, however in the end only Part 2 practice exams were available for Free Download for me. I am a May 2017 Part 1 Candidate. Not sure if anything can be concluded - Seems like some erratic behaviour of the website!

Hasn't that email gone to part candidates only? If yes Part 1 results might be out before July 5th.

Hi, it may not be given always. After calculating d1, d2, to find out the corresponding probablilities, you need to look up the z table. Edit: my page wasn't refreshed so did not notice that question has been answered already

I did get. Had to add up the probabilities for 3 possible path for default from B in 2yrs - BD, BCD and BBD.

Since ES is the avg of left tail losses, ES and VaR would be same when all losses in the left tail are equal to VaR. WRT liquidity preference, my guess was that the security with shortest maturity should be more liquid. Not sure if that is correct though.

If i remember correctly it was mentioned to use long run avg volatility to calculate sharpe ratio, so i first solved for it from the given garch equation (omega = gamma*Volatility^2, alpha +beta + gamma=1) and then used it in sharpe ratio formula.

I used to think that questions are different for different timezones(at least 4-5 different sets) but looks like thats not the case!