hi david
Re:Re: “i think that it’s importent to emphasize that the more you read - the more u r prepared”
I personally am glad to hear this, isn’t this how it should be? I would like to think we are learning substance not just techniques for passing a test….(!) ... I am delighted by this...
hi david
i think that it's importent to emphasize that the more you read - the more u r prepared!!!
i mean, they asked about UBS: WHICH OF THE FOLLOWING DIDN'T CAUSE THE UBS TO LOSE (4 STATMENTS
there was a quetion about the credimetrix, kmv, credit+ and another 2 others which i think...
hi david
i notice that when u caculate d(1) u do:
(ln(v/d)+(mu-vol^/2)*t)/mu*sqrt(t)) notice - u divide by mu!! (6.d.1)
in another spreadsheet q. 39 in the sample exam u divide bu vol!!!
i think it should be divided by vol, what do you think?
help me out here the exam is...
thanks david
i realized that i know this topic very much but didn't knew the phrase
thanks anyhow.
AND THIS MYTE BE THE OPPROTONITY TO SAY THANKS ALOT FOR ALL THE HARD WPRK YOU PUT IN THE BT!!!
HOPE IT WILL GET ME TO PASS THE TEST....
REAL THANKS!!!!
HI DAVID
as u can see from my questions i am reviewnig stilzw on credit...
i saw your exal 6.f.3 adnd i didn't get the 2 sheet, what did u meant owith your remark?
as to my understand the 18.22 equation stulz' is the pricing of the credit derivative
please help
thanks
ktm
p.s...
hi david
i can't seem to get the hang of stulz eqution to credit spread:
i can see the math behind that says: that the longer the maturity - the spread nerrowes, but in the real world the more the time to maturity lenghts, the more i want a compensation for the lack of uncertanty and the...
HI DAVID
i think there is mistakes in your exl 7.a.2
first the LGD IS NOT SET ON THE RIGHT CELL
second: why do you calculate the umul pd like you do: 1-(1-pd)^sd isn't it supposed to be: 1-(1-pd)^tenor?
would apprechiate if u can help here
thanks
hi david
i womder if u can elaborate on the PAC bonds - how they work and what is the bands, PSA ect..
i saw a question on that in the 2007 exam and i am not shure i know how to approach it
thanks
HI DAVID
i noticed that in the 1st L2 webinar you said that there is a constraint with the ratio tier1to tier3' what is this ratio?
i know about he ratio tier1 to tier2 and that tier 3 is only for market, are there any more constraints that i need to know?
thanks
ktm
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