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As you know, David writes fresh, original practice questions pretty much every workday. You have the chance each week to participate. All you need to do is earn a participation gold star. At the end of the week, we will randomly select the two winners from the members who earned gold stars. If...

salman Mustafa Baig, Unfortunately, we are unable to be current on all practice questions every year. David currently writes practice questions daily. Unfortunately, it does not appear that we have been able to get to that chapter within Quants. There will not be any new AIM based practice...

David Harper, CFA, FRM, CIPM, Unfortunately, I don't think we can publically share the AIMs as they aren't available publically on the GARP site. There is a log-in necessary with the following notation: This material is only available for the 2012 FRM Exam PAID candidates. Thanks, Suzanne

Manch88, Thank you for your interest in bionicturtle.com! Is it too late? It honestly depends on what concepts you already comprehend as well as how much time you have to give for preparation. How much time is recommended to prepare? See here...

As you know, David writes fresh, original practice questions pretty much every workday. You have the chance each week to participate. All you need to do is earn a participation gold star. At the end of the week, we will randomly select the two winners from the members who earned gold stars. If...

Questions: 213.1. Becky the Risk Analyst is trying to estimate the credit value at risk (CVaR) of a three-bond portfolio, where the CVaR is defined as the maximum unexpected loss at 99.0% confidence over a one-month horizon. The bonds are independent (i.e., no default correlation) and identical...

Questions: 207.1. Of a bank's original commitment (COM) of $20.0 million, 30.0% is outstanding (OS) and the remainder is unused. The bank assumes a usage given default (UGD; aka, drawdown given default) is 50.0%. The default probability (PD or EDF) is 1.0% and the loss given default (LGD) is...

Because this set is part of a fresh global topic review (T6) these questions try to approximate the difficulty level FRM exam questions; i.e., not too deep. For a more detailed discussion of the Merton model for credit risk, please see "Merton model, a summary of the issues" in David's Notebook...

irrationaldream, It appears that you are a free member. If you were a paid member you would have access to our study planner which provides all of the essential contents that should be reviewed. In order to have access to the study planner, you must purchase one of our products (any tier)...

Eyad, I'm going to ask David Harper, CFA, FRM, CIPM to answer this question. Thanks, Suzanne

Eyad, Are you looking for answers to the actual questions within the book? Unfortunately, I do not think we have those at this moment. We have however looked into the instructors manual for a few different books and hope to be able to add value in 2013 (maybe before) with the...

Questions: 206.1. The following migration matrix gives the credit ratings transition probabilities of corporate bonds over a one-year period: Given the one-year transition matrix above, which of the following statements is TRUE: a. After two years, the cumulative probability that an...

Eyad, No problem, we are here to help! Good luck in your studies. Thanks, Suzanne

We still have the previous early birds on the website, however will not be adding new ones. You are more than welcome to refer to the old ones if you find them helpful. I believe instead of doing the early birds David has expanded on other products for the FRM. Unfortunately, we are a small...

Eyad, Thanks for adding your profile picture, I'd love to grant you a gold star for this week. See here for details on the gold star: https://forum.bionicturtle.com/threads/win-prizes-for-forum-participation.5962/ In reference to your 2nd & 3rd question: Do you need the readings? See here...

minibiju, Thank you for your interest in bionicturtle.com! Yes, that is correct. Your purchase will be valid for 365 days which includes access to all previously published contents and new contents published through your expiration date. GARP will release the new curriculum in...

David will be out of the office September 28th - September 30th . This is a courtesy to let you all know that there will be limited forum support until David's return on Monday, October 1st. I will be handling forum questions in reference to basic content and bionicturtle. However, when it...

Questions: 211.1. The risk-free rate is 2.00% and a corporate bond has a yield of 3.50% per annum. It is estimated that the contribution to the spread by all non-credit factors is 40 basis points; e.g., liquidity risk. The recovery rate estimate is 75.0%. What is an approximation (emphasis on...

Questions: 205.1. The price of a three-year zero coupon government bond is $97.05. The price of a similar five-year bond is $91.43. Under an assumption of semi-annual compound (discount) frequency, which is nearest to the implied two-year forward rate from year three to year five, F(3,5)? a...

Vikas31, This covers Lo: http://www.bionicturtle.com/how-to/question/T8.Hedge-funds-Jaeger-Lo Thanks, Suzanne