not sure I can add much to this discussion other than mentioning that this event is the quintessential rare event that risk management attempts to anticipate. Therefore, assuming some corporations had implemented strong risk control cultures, policies, governance, etc., I am not sure I would...
I can't imagine what kind of person would log in to GARP every single day since the exam, sometimes numerous times, just in case the results were released early.... :) Not that I've done that or anything....
I always find the signage confusing - some consider C - P = Soe^(-delta*t) - Ke^(-rt ) as a "long call and short put" equaling a "long stock and short risk free bond" but this seems unintuitive to me.
Perhaps more intuitive is the fact that you can also write the equation as:
-C + P =...
How are you feeling Mani? I am very unsure. Such emotional extremes......I read Nicole's summary of the Part 2 feedback and felt like I had an entirely different experience, which I can't determine is good or bad....
GARP says 6 weeks which would be July 2-3 but based on previous release dates, they have released results on the Monday after week 5, so that is why the 28th is a guess.
Just use the search bar. David and Nicole have offered responses to similar questions for years. Regarding the formula sheet, I didn't mean to suggest the David's could be insufficient. On the contrary, i think anything and everything David produces is the best in the industry. That being...
@hellohi - I have noticed your first few posts here. First of all, welcome and congrats on deciding to pursue the FRM.
Secondly, I would like to emphasize to you that preparing for the exam will be challenging. It is certainly not unreasonable for you to be able to prepare your own formula...
This is a perfect example of why the forum is so valuable - @Mkaim 's advice is spot on. In fact, I would recommend reading the entire curriculum numerous times if necessary.....I needed to do so for both parts....and I am still not sure if I will pass part 2.
Here is wishing for the best (for...
The is a minimum level of "mathematics", including an even more basic understanding of calculus, required for the exam. I don't the exam would ever actual test one's ability to integrate though - that would probably be too easy of a question. That being said, I think you are getting a bit too...
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