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In terms of how many questions did I not have time to get attempt due to running out of time, I would say about 10 questions. Of the remaining 90 questions that I had time to work I would estimate that I had to guess on about 20-30 of them (although some of these I was able to narrow down to 2...

Oh, there was also a Bayes question, which I don't think has been mentioned yet. It seemed to be a basic Bayes question without any additional twist to it.

A few more questions that have come to mind that haven’t been mentioned yet… It said that an institution borrowed using a CD and then loaned half out in US and half out in a foreign currency at a higher rate. The institution hedged with a forward currency exchange price. Then it asked what...

Here are the answers that I selected to these questions that have been mentioned and the reasoning I used: 1) “(6) A regression returns stock X on stock Y; intercept and slope coefficient not given. Betas given with regards to an Index for both stocks and risk-free rate. Question: What would...

I selected "20 bps" for that question also, rather than 30.

I am almost positive that there was actually a specific table in the Schwesser notes that pointed out that Corp & Sovereign default rates are similar across each credit rating. Therefore, I’m pretty sure that the answer to this one was (d) similar.

3.) Compared to corporate default rate, sovereign default rate is : (a) significantly higher (b) higher (c) lower (d) some other option ... was sure it was between (a) and (b), and finally marked (b) The answer that I chose for this question was (d) similar. I think I remember seeing a...

I took Part 1 exam in Denver. There were 8 people signed up for the exam here, but only 3 out of 8 showed up, so we had a tiny group of just 3 taking it I had a similar opinion of the exam as the others have expressed here. My biggest complaint is that so many of the questions were able to...

All BT members - I just completed the 2009 GARP Practice Exam Part 1 and scored 25 out of 40. This is the first practice exam that I have taken and am wondering if this is about average or if my result was significantly below average of what other people scored on it. It would be helpful to...

Approximately what percentage of the questions involved calculations (formulas, quantitative) vs. qualitative?

What is the main difference between a short call and a long put? All that I can think of is the initial cash outflow/inflow related to the option premium. If this really is the only difference than wouldn't you always prefer the short call since it is an initial cash inflow? There must be...

This is helpful to know for my preparation. Thanks!

In going through the Gujarati readings I have noticed that many calculations require looking up numbers from the tables in the back of the book. Do they provide these statistics tables at the exam?

Great to hear! I also just ordered Carol Alexander's volume 1 that you recommended. Thanks again.

Yes, that would be great if you could do an intro to quant webinar! Since I have found the other Early Birds to be so helpful, I was very disappointed that EB webinar #2 did not get recorded. I'm sure there are many others who would also benefit greatly from a quant intro. Thanks!

Would you recommend setting the calculator mode to AOS during the FRM exam? Considering the types of calculations in the exam would this mode make the most sense, or is it just a matter of preference?

Thanks for the reply T Flockert and David. I have found started going through your Early Bird webinars and have found them very helpful to brush-up on the math and help the concepts that I learned back in college come back to mind. On behalf of everyone who is in a similar situation as me of...

I just bought the TI BA II Plus Professional calculator and did my first formula from Foundations 1a and I can't figure out how to enter it into the calculator to come up with the right answer. It seems straight forward, but I can't come to the correct amount. The formula below is from the BT...

I will be taking the FRM exam for Nov 2010 part 1. I purchased the FRM Handbook (Jorion) and started reading the first chapter on Quantitative Analysis this week. I was only able to get up to page 7 before being lost in the math. I have no CFA background and haven't used complex math since...