I have submitted my information on the 11th of july! I emailed a week ago and they replied in a very vague way :oops: not sure what to make of this but i thought i'd share. It seems a lot of people are in the same situation so it feels like either GARP are short on staff or everybody is on...
asdf so the results were out since yesterday and i had no idea! i just read your post in the email notification and couldnt believe my eyes until i scrolled down and saw the GARP email!!
i'm pleased to say that i passed. my quartile results were pretty surprising but i cant be bothered about...
@Hope the answer to how much should we short an asset looks pretty much like the h* thingy we had in part I or at least thats how i thought about it lol
2. A 2yr zero coupon bond is priced at 952.48, risk free rate is 1%. The price can be 970 or 950 after 1yr depending on how interest rate change. Use risk neutral probability of interest rate move, what will be the current value of 1yr European call option on this bond if strike is 960.
How did...
I left the exam not feeling confident about passing simply because the questions i know i answered correctly are around 20-25. For the rest it wasnt about guessing, it was more about analyzing the scenarios given. I had to guess around 10 questions maybe.
A lot of concept that i expected to...
@Steve Jobs @Pflik which refinancing are you guys talking about?
there were a couple of questions that really pissed me!! the mortgage monthly payment being one. Stressed VaR as well and the Var of the Options and forwards. There was one more that i can't remember.
@Pflik did you sit for Part I or Part II ?
A bit surprised no discussion/review/comments of today's exam is going on.
I sat for Part II and i left the exam room disappointed. I'm not saying that i will definitely fail but i am not too confident of succeeding. A huge part of the exam was...
I have started reading the Basel chapters yesterday and i have to admit they are proving to be very boring and annoying. I havent even finished the first 3 chapters and i'm really struggling with them. I mean the whole operational risk topic is a bit too much but those chapters are the worst so...
thanks David and sorry for posting the same topic again! i will read the alek's explanation carefully in order to understand this but in case i dont im just gonna memorize those 3 conditions!! Ignorance is bliss :D
in the designated hull chapter, we have the following explanation :
it can be optimal to execute an early
exercise on an American put. In general, we can say that for an American put, the early exercise
becomes more attractive as:
Stock price (S0) increases,
Risk-free (r) rate increases...
Hi David,
From the same chapter : Question 187.4- calculate the lease rate under continuous and annual compounding.
For the continuous lease rate, we used to conventional lease rate formula stated in the chapter: riskless - 1/T*LN(F/S)
However, im not familiar with the annual compounding...
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