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    Any Feedback on FRM 2009 Exam ?

    Hi, I took the full test from Bangalore and there were another 250 candidates taking the same exam. Almost all of them had the same thing to say as has already been discussed in this forum - "the first session was very difficult, and the second session was RELATIVELY easy." Many of them said...
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    Any Feedback on FRM 2009 Exam ?

    I think with box spreads you have locked onto a price and therefore there is no possibility of a gain or a loss from that price, irrespective of the direction of share price. I know in the preceding discussion David has mentioned that the cutoff mark is usually calculated as X*5%ile *0.7x...
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    Any Feedback on FRM 2009 Exam ?

    Hi Munish, With an american option, the put call parity doesn't hold any more and it becomes an inequality. So the limits of the "C-P" is preceded or followed by either a "<" or a ">" sign rather than an "=" sign. Hence, I think the fourth answer was right. "It is not optimal to exercise an...
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