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Volatility frown? I didnt want to overthink so i just picked the common volatility smile for equities? Also the colateral one, it says he had 800 and increased exposure to 1300 so this would require a 500k transfer which is above the threshold. I feel good about this one.

This might be a dumb question but should opportunity cost be included? I ignored insurance since there wasnt 20% of insurance anywhere in answers.

David, there were multiple item set questions much like the vignettes in cfa level 2. These completely threw me off guard. Also what is coco??? This drove me insane for three whole questions. Hopefully the curve comes through...this was unbelievably hard. I honestly thought i would crush it...

Thanks!

I won? I just want to pass :) LOL. I'll take the amazon gift card. Thank you, that's great.

Thanks farahm, do you recommend full GARP books and BT the whole way or incorporate a little schweser?

Sounds Like I don't have enough time...Should I go for it (part 2) in November? Maybe hold off until May and give myself more time? Although I passed part 1, it was an exhausting four months of both GARP books (full read) and BT practice questions and I still felt I wasn't ready enough...

Saw Pass this morning. Waited 6 hours to see it again. THANK YOU DAVID.

Me too USA 1 305 790 6280

Hi, Does anyone know why they ignored correlation and/or covariance when calculating the combined volatility of the portfolio? In order to arrive at the combined volatility, the equation used was square root of (W^2)(S^2)+ (W^2)(S^2) Shouldn't we also have included 2*pWSWS in order to...