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Hi David, Thank God you were wrong here.. I was really baffled myself for having studied this concept from all angle when i saw your question i lost my confidence..thanks goodness now my confidence is intact..cheers...Amit

Hi David,\ You are correct. This question does not seem to cover any testable concepts. I just stuggled with it while going thru hull...tks for your clarification..Cheers..Amit

Hi David, That was a good explanation.,,Tks...Amit

Hi David, I believe the most of the work in already been done by you in earlier cram sessions. Its just required that you combine the bits and pieces in 2 different presentations Level 1 and Full Level. The level 1 would be referred by all and the level 2 would be additionally referred by...

Hi David, Tks for the nice explanation. I had guessed the downward pressure on price as mentioned by you, however the quoted price ( as you calculated) was a function of yield and the cashflows of the 3 bonds, hence was not sure that market would adjust the price of CTD bond. Can you pls...

Hi David, Was just going thru ur cram session for 2007 and found it too useful as a final revision. Are you going to prepare something similar for Level 1 FRM exam of 2009? it wud be quite useful as a last minute revision. Thks & Rgds Amit

Hi David, Just to update you on the source, Its Q 4.16 from John Hull..Cheers..Amit

Hi David, Can you pls chk on this as this is a testable concept....Thks & rgds..Amit

Hi David, Any update?? rgds Amit

Hi David, Any clue?? rgds Amit

Hi David, I went thru your screencast on Conversion price and Cheapest to deliver. Believe me its a beauty and u r a master magician as you unwind these concepts. Thanks to your lucid explantion that I have only 1 doubt in this case 1) You say in the screencast that the short has a...

thats a brilliant explanation..once i got it i cud crack it..thks a ton..cheers..Amit

thanks for your ever amazing clarifications..cheers..Amit

Hi David, Thanks for the detailed explanation as usual. However there is some area of confusion in my mind. Do you mean to say that 1) A 3 month Euro dollar which matures on 300th day and the one maturing in 398 day ( as i stand on the 300th day) would have the same quote OR 2) You...

Hi David, I have a doubt in regards to way you have solved Q6.14 hull in your HULL section In your solutions of the 3 Euro dollar quotes given you are saying that the 3rd quote is not required. However if you refer Page 140 of Hull the value which is been taken for Fi is the “forward rate...

Hi David, thanks a lot for prompt reply...I agree with you and am perfectly fine as i find u very proactive in answering to the doubts raised by me..so in case of any issues i wud raise the same to you...Keep in touch as always take care... Amit

Hi David, Hull end of chapter questions Q 6.13 I am unable to understand how do we get 1) 9 Month Libor rate is 8% P.A and 6 Month Libor rate is 7.5% Answer states like this The fwd int rate for time periods between 6 months and 9 months is 9% becos 9% p.a for 3 months when combined...

Hi Jack, 1) I agree with you there is a typo error from David and what you are saying is correct. A yield > 6% would necessarily discount the Cash flows to a larger extent and costs to acquire would be low and vice versa. 2) I am not sure if i can convince you as much as David does but for...

Hi David, Page 130 of Hull states under Business Snapshot 1 that given an option bet US Govt and Corp bond for period Feb 28 till Mar 1; we should go for corp bond under 30/360 day count as the no of days calculated are 3 and accrued int is higher. Kindly clarify on 1)When i inputted the...

Hi David, Is there any possiblity of you coming with with this BT manual (Hull Solution - Chapter 6 to 10) as you have for chapters 1 to 5. The earlier BT manual has helped me very much and i m sure it would have helped all the BT FRM customers and i am eagerly waiting for your posts on the...