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Hi David, First, I have no practical experience with bonds or bond portfolios. So, in reading Tuckman Chapter 5 (Multi-factor Risk Metrics and Hedges), I am totally confused on the portion where he explains how to measure and hedge against key rate exposures. I am referring to pages 133 & 134...

Hi David, Are there any learning spreadsheets created for the examples in the FX Risk chapter (Saunders)? I am struggling with how the $104.22US and 4.22% were calculated (see attached screenshot with highlighted values). Thanks, Charles

Thanks for your eloquent response, David! To be clear, I have no issue with applying continuously or discretely compounded interest rates. My only struggle is with how Hull applies the continuous rates (i.e., plain vanilla interest rate swap, equity index future/forward, currency...

Hi David, Thanks again for answering my questions on continuously compounded interest rates. However, I've been thinking about it further and developed a sort of tug-of-war about in my mind. Let me explain. I am a CFA candidate as well and will be taking the Level 2 exam in 2014. I must say...

David, Thanks a ton! :)

Thanks David! I completely understand. I will start viewing the focused review videos. Btw, I have been trying to get a solid answer on another issue as well: practice questions. I understand (thanks to Suzanne) that online access to practice questions is not possible this exam cycle...

Hi David, I'm not sure, but I believe you will issue "focused review" videos for the upcoming exam. Is this correct? If so, this is great. However, it would be even better if you held a live review session as well. That said, are you planning to hold a live review or Q&A session so that...

David, Thanks for the response. I will make sure that I am comfortable working with discrete and continuous rates. That said, I certainly appreciate your reaching out to GARP on our (the test takers') behalf requesting that they clarify what to assume in their questions. The less ambiguity...

Hi David, Several examples used in the "Products" videos (on Hull chapters 4 & 6) were illustrated using continuously compounded rates. My question is should we also know how to do the same problems with discrete rates as well? Thanks, Charles

Hi Suzanne, Perhaps I'm confused about the access to the practice questions. But, are the practice questions available via online access or via pdf files? And, can you direct me to these questions? Thanks, Charles