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I did the same for this question. I hadn't read that content in too much detail, but something jumped up from the back of my head with the two peaks shape so went with that instinct. There was a question on the equity volatility smile which I said that the ATM call would have a volatility...

I thought it was pretty tricky too. My quantitative questions seemed to work most of the time at least, but the wordy ones I feel like I was often reducing the list to a choice of 2/3 and making what I saw as the most likely answer from those. Don't think I could guess what my score was. I...

PFE behaviour between different products.

The Greeks with respect to volatility smiles.

Correct - there is no enrollment fee for sitting part II within 4 years of passing part I.

Thank you bionic turtle for turning my 3,3,4,3 into a 1,2,1,1.

I remember putting fail to reject. I think the test was looking for a result exactly equal to a certain number - hence I used the 2 tailed test with 14(? n-1) df i.e. p = 0.025 for the 5%. There was a 0.05 column which had a value of 1.8 or something, I think my test value was somewhere around...

Yeh I just reversed engineered the ESS and SSR from remembering the 0.8 answer and a 700 denominator.

I think the ESS and SSR were given as 448 and 252 -> TSS = 700. Answer C was 0.64 which is the fraction of 448 and 700, taking the square root got you answer D. 0.8. I hope. I have a worrying feeling I did SSR over TSS and the correct answer was 0.6...

I think this might have been another question which mentioned prepayment. The one you were talking about what to do with a customer with a mortgage right? If they paid x amount then how much prepayment have they made -something like that?

I think I got the answer in the exam. To use your numbers as an example PD = 0.12; LR = 1 - RR = 0.33; variance_pd = 0.12 * 0.88; variance_lgd = 0.4 [it was something like that right?] UL = sqrt(PD * variance_lgd + variance_pd*LR^2)

Yeh I agree with you, I'm a bit unsure myself, I remember making the 2x2 table but I don't know why I would have done that if there weren't the numbers available to construct it....

I thought that since the price remained unchanged on the second day the variation margin should have been 0 since the margin should be updated daily. I wasn't certain though. For the probability question I remember I constructed a table like David used most in his examples - method was...

It might be too late for you - but in case it helps another candidate who is reading - you could take the screws out before going into the exam and keep the back on. If you have an emergency then it would be possible to pop the back off and slide out the battery. I changed the battery a week...

I just firstly want to say thanks very much to the Bionic Turtle team - the revision material is exactly the kind of thing that I study best with. The number of practice questions made sure there wasn't a part of the study material which was overlooked and I felt pretty prepared going into the...

I was under the impression that GARP provided one practice exam (P1) for free but I only see the 150USD available. Has this changed?