David,
Thanks for the explanation. The thread mentioned helped to derive the equivalence of two DD.
X*EXP(DD*volatile * SQRT[t]) = V0*EXP[(mu - variance/2)*T]
What should we concentrate on lognormal DD or normal DD from GARP testing perspective ?
I can not see thread which refers to 2009...
David,
Can you please explain different DD used in FRM assignment readings and how are they related. In particular,
From 2010 FRM L2 Sample Question 27.3. Please explain. Thanks.
27.3 The distance-to-default in the question follows a standard normal distribution as the lognormal price...
David,
I have the version from May, 2010 as you gave the location in last reply.
I was refering to "this week we are re-publishing revised 2010 L2 super-annotated". Did you publish a newer version recently ? I did download these again and will chek to see if there are any differences from...
Can you please provide a link for pdf listing all 2010 FRM Sample Exam Level 2 Questions ? Currently there are individual questions posted in the Forum. Do we need to assemble ourselves in a pdf doc ?
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