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Aenny, The calendar is only a target schedule, it is tentative. The focus reviews are taking more additional time to prep than anticipated. There are 2 focus reviews that are ready (David already finished), however I was out of the office yesterday and did not get to upload them yet. I will...

Hend Abuenein, Thank you for your kind words. I care about each and every one of you and am more than glad to bring something to someone's attention when it is warranted. I'm glad to know that my reaching out has made such a difference in your life. I hate to hear that you've been going...

Hend Abuenein, I have brought this issue up to my contact at GARP. She agreed that this needs to be addressed clearly on the website, therefore I'm assuming the policy in which you were told is true. The problem I have is: If noone was aware of this policy and was only going by what the...

Hend Abuenein, Did GARP show you and/or state where it says that your experience has to have been within the last 5 years? Looking at their site, I can't find anywhere where it says that you must have completed that experience within the last 5 years. See here...

Questions: 213.1. You colleague John wants to employ an extreme value theory (EVT) distribution, either generalized Pareto distribution (GPD) or generalized extreme-value (GEV) distribution, to model the risk of an exposure. He makes the following four arguments, each of which is true, EXCEPT...

Hi All, I just heard back from our contact at GARP and there is not a policy in place for re-selling contents. Thanks, Suzanne

Questions: 212.1. The correlation metric (Pearson's product-moment correlation coefficient) is most suitable in which of the following scenarios? a. To demonstrate independence between two random variables by failing to reject the null hypothesis that correlation equals zero b. To summarize...

Questions: 212.1. Today, when the price of a stock is $50.00, the price of a one-year at-the-money (ATM; strike = $50.00) European call option on the stock is $5.00. The risk-free rate is 4.0% with continuous compounding. Today, Thomas the trader enters a LONG STRADDLE trade with one-year...

Hi All, I've reached out to our contact at GARP to see if they have a policy in reference to the above. I will report back as soon as I have an answer. Thanks, Suzanne

FeRMioN, Even though this is coming from a FRM perspective (which isn't what you are looking for exactly) I would have to agree with your Hull perspective as Hull is one of the major sections of the FRM. If I am correct, the Hull book that is covered in 7/9 topics is the following: Options...

otherwisee, Once you do make your purchase, please don't forget to utilize the study planner: https://www.bionicturtle.com/my-account/study-planner (Note: You will only be able to view the study planner AFTER purchase.) Enjoy your vacation! Thanks, Suzanne

bhamu, Did you purchase our Tier 2 product? I think you might find our videos very helpful. Our notes are a summary whereas our videos are the summary + verbal communication to help with the explanation, etc. Some people aren't able to just read something and understand the concept, they...

Questions: 211.1. Your colleague John wants to use a Monte Carlo simulation (MCS) approach to estimating the value at risk (VaR) of a portfolio. He cites the following four advantages, each of which is true about MCS EXCEPT for: a. MCS has the ability to model path dependency b. MCS can also...

Questions: 211.1. Among the following four strategies, which trading strategy both (i) involves an initial cash inflow to the investor and (ii) a positive future payoff in the event of a sufficiently low future stock price (option profit = future payoff - initial cost, without regard to time...

As you know, David writes fresh, original practice questions pretty much every workday. You have the chance each week to participate. All you need to do is earn a participation gold star. At the end of the week, we will randomly select the two winners from the members who earned gold stars. If...

Turtle King, Thank you for recognizing the error. I will get that corrected ASAP! Thanks, Suzanne

Questions: 210.1. A portfolio has a current value of $40.0 million and its geometric returns are normally distributed with mean of 12.0% and volatility (standard deviation) of 40.0%. Because the geometric returns are normal, the future value of the portfolio has a lognormal distribution. If...

ECUBANKER, We recommend that our paid customers utilize the study planner: http://www.bionicturtle.com/my-account/study-planner. The study planner provides to-do lists, completed lists, etc which will help you structure your very out study plan as far as which content you wish to review. All...

the_tank, You may find this FAQ helpful: http://www.bionicturtle.com/faqs/category/frm-product#do-i-need-the-handbook-and-readings Thanks, Suzanne

the_tank, Thank you for your interest in bionicturtle.com! Our Tier 2 product includes our videos structured around the FRM Curriculum. On our website, you can find samples to all of these videos. Within the videos, there is a set (a,b,c,d etc.) for each of the nine FRM topics. If you...