Search results

Dear @Nicole M, I am interested in purchasing FRM Level 2 product. There is a quite a big difference between the Advanced and professional packs in terms of price, however, in terms of content there is an addition of Learning spreadsheets and some focus videos. Based on this I have two questions...

Hey @Daniel26 congrats man! Nice to know on your success. I remember we had some discussions on a problem or two Best Uzi

For the last 10 odd days I have only wished in dreams of writing this and now it has become a reality and so here it goes; "Passed (1,1,1,1)" Best Uzi

Dear @David Harper, CFA, FRM, CIPM Thank you for solving my problems here in such a short time frame for free while other institutes charge and not even answer in detail Thank you for maintaining the passion of running the world's biggest and most active forum and improving it day by day Thank...

Hi@rua Quartile score basically indicates your result in a quadrant in the X-Y axis. If you score first quartile in say Quantitative analysis, it means you are in the first quadrant(rightmost-topmost) which means you are in the top 25% of the total canidates (you are in top 25, if 100 candidates...

Sure man let's leave our destinies to GARP;)

@Sabit Rahimov I think the confusion stems from the fact that you probably didn't notice that the header on the table was One tailed-T statistic values. So accordingly you had to take alpha=5% and not alpha =2.5%. The question was two-tailed test but to arrive at the critical t-stat value you...

Hi @babyik So what's your take on the cut-off if not 50-55%. My guess is 55-65% (big range) since the numerical part was relatively average but qualitative questions accuracy is definitely not going to be high on an average. The confusion among options is visible in the 131 comments above :p...

@Sabit Rahimov True the question was a two-tailed test but the twist was that the table given was for a one-tailed test and therefore alpha should be 5% and not 2.5%(as you would take in a two-tailed test) ATB Uzi

Re-posting this as I see a lot of discussion going on and wouldn't do harm to add to it :p I would like to chip in my 2 cents concerning my observations of the FRM exam. In General, I found exam to be competitive with proportionate focus provided across all relevant topics, GARP surely means...

@babyik PFA my comments on your answers to the questions I dare to disagree with;) Q2: Graph of Variance Vs correl: Var= 2(1- correl). Option should be A (Straight line) with Max. of 4 and min of 0 Q24: Definitely Sharpe ratio. I have put my comments prior giving the explanation Q35: Not sure...

@Pflik I beg to differ in my opinion of the Sharpe/Treynor question. Treynor ratio for any portfolio definitely requires relationship with the market index. The relationship is captured indeed in the form of beta where you require covariance and variance of the market index. Treynor ratio...

@a.lesnar : Please read my edited comment above:cool: @David Harper, CFA, FRM, CIPM : Do you think it's prudent to share/discuss the current FRM exam questions on a well known forum like this? On another note, I would like to extend my heartfelt thanks to you for being so helpful in your...

@lesnar Yes you are right, it should be 15. Sorry I confused 15 with 5. The approach remains the same of exercising early. Delta-normal VaR is a linear approx so the graph must be linear with confidence level. VaR=Z*(Sigma) which is a straight line Payoff of FRA has to be discounted back since...

cool :)

Dear David Harper, CFA, FRM, CIPM ShaktiRathore I am totally bamboozled by this past FRM question(FRM 2006). I know you said looking beyond 2009 paper was counterproductive but nonetheless was interested to know if it should be of concern for the Level 1:cool: Imagine a portfolio which holds...

Hi David, This is an FRM 2002 question as per my knowledge. You can read it at http://www.docin.com/p-304997835.html (Question 1). Even I am quite unclear on the wordings. Thanks for looking into it.Much appreciated :) Best Uzi

Hi Why is it (1+.05/2)^0.5. Shouldn't it be (1+0.05/2)^1 since half year rate is 2.5% and no. of periods is 1

Dear David Harper, CFA, FRM, CIPM I am quite sure you would have seen this question earlier. Please let me know if my approach is correct,although I don't seem to get correct answer A European-style call spread consists of a long position in the 105 strike call and a short position in the...

Hi David Harper, CFA, FRM, CIPM ShaktiRathore Daniel26 Following up on the binomial problem, How about this one?;) You are using the Merton model (Black-Scholes model for options on a stock paying a dividend yield) to price a European option on foreign exchange. The underlying is the AUD/CAD...