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  1. J

    Binomial distribution

    Thanks David that helped a lot
  2. J

    Binomial distribution

    Hi David, i knew this example seemed like a binomial case which means : n=10 and we have k= 0, 1 and 2 that's true right? but can you help me with a way to know P automatically
  3. J

    "Review of Probability and Statistics" chapters taking too much of my time

    Honestly David i consider the 4 regression chapters as 1 big chapter. To tell you the truth, back in may i didnt have enough time to study the last 3 QA chapters, i didn't even read them but i ended up in the 3rd quartile (between 50 and 75% right answers) which isnt a bad result at all right ?
  4. J

    "Review of Probability and Statistics" chapters taking too much of my time

    Hi David don't know if you'll agree with me but i wanted to tell Gary that those 2 chapters probably constitute 50-60% of the quantitative analysis. So once you're done with those 2, you have 4 regression chapters that can be mastered easily and then you have 2 chapters about continuous and...
  5. J

    Stulz : Risk management failures

    In reference to BT practice questions of chapter Risk Mgt failures (2010), page 15 Q1 : According to Stulz, each of the following can especially and directly contribute to risk mis-measurement except for : the answer is Unknow risks and on page 17, Q2 : According to Stulz which of the...
  6. J

    So LTCM is not wrong?

    Aleksander you know where i can find a detailed article about LTCM's case to better understand it?
  7. J

    May 2012 Exam Results

    Hend, Congratulations, i'm glad all your hard paid off :) im gonna retake the exam in november and work on improving the results i got this time thanks for the support :)
  8. J

    May 2012 Exam Results

    hey everyone i guess i am one of the few here who didnt pass level 1 just checked my quartile results i got 3 2 4 2 was i too far from passing?
  9. J

    Question of the hedge ratio for futures contracts.

    I was gonna ask the same question but then I saw this topic In the notes, it says that it depends on the sign "-" means shorting and ''+" means going long but that wasnt the case in the PQ! is there another logic here that we should follow ? I came across a question which had the word increase...
  10. J

    Tuckman Discount Factors

    that's the exercise and the solution in case anyone can explain it to me 11.4. A fixed income manager has determined that an eighteen-month (1.5 year maturity) Treasury note with a market price at $102 that pays a 4.0% semi-annual coupon is overvalued. She conducts an arbitrage by shorting the...
  11. J

    Tuckman Discount Factors

    Hi David, In the 2011 PQ booklet for Tuckman chapter 1 Discount factors, exercise 11.4 which is about calculating the face amounts of a replicating portfolio related to an overvalued treasury note... Can you please explain to me how we're doing this ?
  12. J

    Arbitrage Pricing Model

    Hi David, Hope all is well. In reference to the practice questions sheet of APT, I have an inquiry related to question 63.3. Can you please explain to me which formula we're using and why ?
  13. J

    Stulz Chapter 3 - Distance to Default

    Thanks for your explanation David, However regarding the 1st part of my question, during the exam how will I be able to calculate this if i dont own a HP 20B? We're allowed to bring a copy of the table you mentioned with us ? Thanks again
  14. J

    Stulz Chapter 3 - Distance to Default

    Hi David, I have a question related to the same subject but its from the practice questions 2010 excel spreadsheet. After calculating the normal deviate which is equal to 1.65, i wanted to get the probability of bankruptcy in percentage but i noticed that you used an excel formula...
  15. J

    Hardest Topic in Part I

    Hi David, I didn't want to open a new thread but i have an inquiry regarding the practice questions of the foundations topic. Besides the 2012 sheet you submitted, I couldn't find anything from 2011 in the study planner(i downloaded the 2010 ones) which surprised me because i read somewhere...
  16. J

    Hardest Topic in Part I

    You guys made it clear : a lot depends on the person's background. However, David what you were saying in the part 2 of your answer, are you suggesting that I start by the names you mentioned (Hull Tuckman Jorian and SW ) ? The ideal way is to start from Topic 1 and continue or there's another...
  17. J

    Hardest Topic in Part I

    As the title indicates, I was hoping someone would tell me what's the hardest and easiest topics in Part I? This may sound like a silly question but the reason im asking it because i want to organise my time by depending on this issue
  18. J

    FRM Question regarding readings

    Hello Suzanne, I just checked the calendar you posted in your previous post and I noticed that Part I and II notes will be mainly released in February however Part I and II videos will be released throughout March. Isn't it possible to release Videos + Notes Part I in February and Videos +...
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