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I have also contacted support. I have the same feelings as many above. After all, for people that are registering for the exam and already working we do not want to sit again behind the computer screen for 40-70 hours a week. As my employer paid for the FRM exam, I paid from my own pocket for...

Same here. Thanks @David Harper CFA FRM @Nicole Seaman Now let's go to Part 2 & Certification :)

Top equivalent to the 2 approaches I mentioned. Thanks David for the quick feedback

of a put this is e(-qt)*N(-d1) or (N(d1) - 1)*e(-qt)?

Hi @David Harper CFA FRM . Thanks again for all the material! Was wondering if what you said was correct in the instructional video of duration : around 24'14" Modified duration = dollar duration / 10.000. I thought from the beginning of the video that this is the formula for the DV01. Kind regards

Fyi an error found in the GARP book on page 54 solution of 4.13 cumulative default probability should be 12.22% as in the table (I'm assuming GARP recently updated the table in the chapter but did not update the exercise solution.

Hi @David Harper CFA FRM , Made a quick summary of the market sizes of the 2 markets, reading from the books. Any links that track the amounts as in the books those are numbers from June 2019. Would be excited to see how much these markets have grown since COVID. Also note that the interest...

Just a heads up, still not fixed in 2022

https://www.r-bloggers.com/2018/04/how-do-i-interpret-the-aic/ gives a detailed introduction to AIC and Log-likelihood. SIC is basically going one step further and is the most strict information criterion (penalty is ln(n)k instead of 2k).

Deleted (AR(1) was differently written out in the instructional video of ch10 Stationary time series as in the books of GARP and got confused because the intercept was not specified in the video and it was in the books. Unconditional mean was not zero in the GARP books. Found the full denotation...

Hi David, Nicole, Would love to hear your take on monthly / yearly news articles published related to the FRM designation or FRM topics in general. Could be an idea to make a new sub thread on the forum for? Eg. Ukraine / Russia, current inflation figures, (stockpicking would be more CFA...

Attempted CFA last year just after my second master after a month of holidays. Pride comes before the fall they say! Will not let this happen to FRM. Get those study hours ;). Preparation is key. Who knows, might as well try Mark Meldrum after FRM! I'm in doubt though, as there are numerous...

Thank you very much David, your explainer says it all!

Hi @David Harper CFA FRM & @Nicole Seaman, I'm reviewing chapter 16 of book 4 and came across this example in the instructional video and got confused: In this example the delta becomes more negative and part of the portfolio should be sold. However I wrote down in previous part of the video...

Just a small note on the instructional video: P1.T4.Hull-Ch15-Black-Scholes slide 13. Should be 0.2/sqrt(3) not sqrt(0.2/3).

Very nice to see indeed. I tried to look at the books for any idea of syllabus changes. Apart from the 1 LO change for book Foundations and (none in quantitative methods), I don't see any changes contentwise (number of pages, quick diagonal scan through the pages). Thanks for the update...