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I PASSED!!!!!!! :) WOO HOO!!!!!! :D Just registered for Part 2. Half way there now! Now, I've got a reason to celebrate the end of this year! Wow! It feels GREAT!!!!! A BIG THANKS TO BIONIC TURTLE!!!! That whole staff from top (David) to bottom (if there is one) is first rate!!! Hands down!!!

I did some research on this and believe I may have received definitive information. Based on this article, the Sharpe Ratio should be the correct answer as it does not require any reference to a market index for its calculation. In contrast, both the Jensen's Alpha and Treynor Ratio require a...

Okay Pfilk! We both agree that the question asked which ratio does not require a benchmark in its calculation. Perhaps the question could have been framed better, but it was clear to me that it referring to a ratio that does not require to the excess return over a benchmark in the calculation...

I actually do not recall my choice for operational risk, but an employee strike pretty much sounds like on to me. As for the question on the ratio not requiring a benchmark, I chose Jensen's Alpha. For me, it was a matter of using the process of elimination. Clearly, the info ratio is not a...

Hi David, How are you today? Well, I took the exam this morning. And, I'm a little disappointed in myself. I forgot to bring my watch with me and had no way to track my time. I ended up having to guess on the last 10 or so questions. Up until that point, I felt I was tracking in the...

I scored an 80% the first time around. So I'm trending in the right direction, which is what I care most about. In any case, I'm not going to stop studing because I got 25 questions correct. That would be absurd. I will continue doing questions through exam day. Hope you do the same.

Hi David, I just scored a perfect 100% on Mock Exam E. :) I'm definitely making progress. Prior to my score today, I averaged ~72% on all of the mock exams. I find that I just making little mistakes that cost me several correct answers (actually, I work 10-hour days week spend the evenings...

Thanks a bunch Suzanne and David! Regards, Charles

Hi David, I believe I read in one of your thread messages that Suzanne (or someone) is preparing mock exams. Is this correct? If so, do you know when the mock exam(s) will be available? I think I've gone through all of the current practice questions at least once. I am beginning to feel...

Btw, would you like me to send the GARP 2013 sample questions? It's publicly available.

Thanks David! Your explanation cleared things up for me quite well. Thanks for forwarding the issue to GARP. Hopefully, they won't have this kind of question on the exam. Regards, Charles

Great! Thanks!

David, Thanks for clarifying that standard error calculation for me. It was always my understanding to use the sample standard deviation to calculate the sample error. It is good to know that the population standard is what should be used if known. One question, what should we do with sample...

Hi Uzi, Couple things I would like to point out that might help. First, in the very first sentence of the question it states that the "headset making company claims that the resistance of their new headset is 70 ohms". My interpretation of this statement is that the 70 ohms resistance claim...

Hi David, I have been doing the GARP practice questions recently, and I encountered one, on tracking error calculation, that really has me perplexed (see attached). According to the explanation, the correct answer is "c" 3.05%. But, when I performed the calculation (on my calculator and via...

Hi Jennyshen, Your initial approach to the question is not technically incorrect. However, the scenario you described (stock price of the acquirer usually drops while the stock price for the target usually rises when an acquisition is announced) is usually associated with firms that try to...

David, I really appreciate your insight on this issue. Dowd's chapter on measures of financial risk is absolutely fantastic in my view. While the reading makes extremely valid critiques of the mean-variance and VaR approaches to measuring financial risk, it also does an excellent job of...

Hi David, The question posted by Kitty concerns me. That is, there appears to be glaring contradictions embedded in the question. Specifically, the question refers to the combined VaR of two divisions of a bank. If we think of the bank as a just a regular widely-held business (and not as a...

Thanks David! I realize my question is pretty general, but that's only because I'm too confused to be more specific. I certainly appreciate your current workload with the exam right "around the corner". I haven't looked at the related practice questions, but I will do that now. Maybe that...

David, I have attached the specific pages that I am having trouble with. Thanks, Charles