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Passed Part 2: (quartiles: 2,1,3,2,3) Can you tell which subjects I thought were rather tedious! Needless to say Shout out to @David Harper CFA FRM and @Nicole Seaman The BT website and All the forum participants past and present asking all those questions which I wanted to ask as well. A...

Very good and succinct.

Thanks @Nicole Seaman :) Very unexpected actually. Been a mare of a week so this really cheered me up! I'll let mine accrue. Regards Brendan

Ah. Not registered yet. Thanks

Bonus points to the people who clocked the Quartiles on the website are different to the Quartiles in the PDF. ?? Confusing as always. Has anyone noticed that the 2017 practice exams are now being charged for? Don't mind paying but will that mean they will be less error prone and more relevant...

Well done. As we say in Cycling. Kudus to you. Properly awe inspiring that you never gave up and just kept going. :-)

Don't think they ready yet. It just launches and then shows nothing. Happy and going to sleep. Sure the GARP website must be creaking with all the people checking to see if they passed.

Pass. :-) No scores yet. Congrats to all who have. Commiserations to those who did not. Keep going. Had mentally prepared myself for doing Part 1 again. Really thought the exam had gone badly. Thanks BT. Would have been toast without the forum and the practice questions.

convenience yield needs to be reduced from the ratein the Forward equation. The higher the CY the lower the forward price will be because it will swamp the the rf and storage costs. The curve will be then be in backwardation. Then it would make sense to increase inventory because in a back if...

Yes. But the question did not state whether you were long or short. I just gave up and assumed we were long the delta and the combined delta was 1.2 we need to sell more of the underlying. Sell 3200. Also to hedge gamma you would need to buy or sell options and then delta hedge. None of the...

OMG it is you. :-) Sorry. Page 47 of the QA Notes 1 - Reading 13 - Miller. If it any consolation it threw me and I went off to answer other questions and then came back to it later when I remembered how to do it. Can you imagine not being with BT though. We really would be cooked! :-)

Harumph! so yes a couple of curve balls. I blew up on my time management. a lot less of call put parity and bsm than expected. A lot more fx and ul questions. Oddball currencies. Inr. A South American. jpy. Lot less var. A lot more of expected shortfall. My spotting ish bit me on the bum. A...

Thanks David. I get it. :-) What threw me is they normally give snippets of the look up. I assume they will give us a look up for the exam if required.

Hi All, Pretty sure the the answer is pretty obvious (Just not to me currently) Where do the probability percentage's come from in this question? I get the standard deviation's from the mean but not sure how the .0228 and .0668 were come by? 66. Assume that a random variable follows a normal...