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yessssss passed!

passed!!!!!!!!!!!!!!!!!!1

I am a Part II candidate too. yesterday "yo have to pass part II until 2019" today "your enrollment will expire on November 2021" I think it is good news.

Unfortunately, First to default put is wrong..:confused: Default correlation plays an important role in a basket CDS. If the reference assets are perfectly correlated, the payoff of the first to default put will be the same as the nth to default put. When correlation is low, The payoff to...

Yes. TRS answer was strange. I chose CLN too. CLN ~ cannot ~ below~underlying.

Anyone remember the question about CLN TRS CDS? What's the answer?

You selected MVaR. I chose MVaR too. Also I learned MVAR works best for a portfolio with a lot of small positions to reduce the risk of a portfolio towards the global mininum variance portfolio. Many selected MVaR. Anyone want to guess the correct answer? I think both MVaR and IVaR are...

Yes. Increasing sample size will reduce type II error and increase power. This is because a larger sample size narrows the distribution of the test statistic. This is frm part 1 curriculum.

I can agree with you. but Incremental VAR is the change in VAR from the addition of a new position in a portfolio. MVAR is the per unit change in a portfolio VAR that occurs from an additional investment in that position. In addition, portfolio risk will be at a global minimum where all the...

MVAR, Incremental VAR confusing.. the question also mentioned minimizing risk of portfolio decision. MVAR(i) = MVAR(j)... We can use marginal VARs to make decisions to lower of risk of the entire portfolio. Correct answer is MVAR.

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