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Hend Abuenein When we spoke to our contact at GARP, I believe she said it was approximately a month. Hopefully it won't be as long as 3 months! Thanks, Suzanne

Yes, I did get the alert. It works great for me, thanks! Another great addition to the forum.

skoh, I would recommend that you follow the study planner guide. When sorting by topic, we place the content in order of which we feel they should be reviewed. The study planner can be found here: https://www.bionicturtle.com/my-account/study-planner Thanks, Suzanne

Questions: 208.1. A bank enters into a five-year vanilla interest rate swap where, every six months, the bank pays a fixed rate of 4.0% per annum, in exchange for receiving six-month LIBOR. The notional is $10.0 million. Each of the following is true EXCEPT for which statement is false? a...

Questions: 207.1. A bank's VaR, calibrated with 99% confidence and a one-day horizon, is $10.0 million. The bank conducted a backtest over the previous 500 trading days in order to ascertain, with 95% confidence, whether the 99% VaR model is good or bad ("faulty"). It is assumed losses are...

Questions: 207.1. Assume the following zero (spot) rate curve with continuous compounding: 1.0% (1 year), 1.6% (2 years), 2.0% (3 years), and 2.4% (4 years). What is the value of a forward rate agreement (FRA) that will pay a fixed rate of 3.0%, measured in annual compounding, on a notional of...

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...

Hi Fred, Unfortunately, I don't have a video hour count. We do go over all of the topics and AIMs in the FRM curriculum throughout the videos. Here are a few FAQ that might be helpful...

Thanks PL. Suzanne

Hi Thanala, What you are referring to above is the study notes? If so, I'd recommend that you review the practice questions which would give you ample practice. The practice questions can also be found in the study planner: https://www.bionicturtle.com/my-account/study-planner You can...

Questions: 206.1. A pass-through mortgage-backed security (MBS) with a weighted average maturity (WAM) of 30 months has an original principle balance of $2.0 billion. If the valuation model assumes a 300% PSA prepayment speed, which is nearest to the first month's prepaid (not scheduled)...

Questions: 206.1. The price of a Treasury bond with a 4.0% coupon that matures on July 1st, 2019 is quoted as 100-04. If today is July 26, 2012 what is the T-bond's cash price? a. $100.125 b. $100.208 c. $100.397 d. $101.541 206.2. Suppose the Treasury bond futures price is 101-00 and the...

Questions: 205.1. A short-maturity bond portfolio reacts to only two key rates: the two-year key rate, KR01[2], is $2.40 and the five-year key rate, KR01[5], is $3.80. The normally-distributed volatility of the two-year interest rate is 70 basis points and the volatility of the five-year...

Questions: 205.1. A long forward contract, entered into three months prior, on a asset with a current price of $42.00 and continuous dividend yield of 5.0% has a remaining maturity of nine months (0.75 years). The delivery price (K) is $40.00. The riskfree rate is 2.0% with continuous...

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...

Hi Ajit, Your purchase with bionicturtle.com is valid for 365 days from the date of purchase. You would continue to have access through your expiration date. If you need access to the contents after the year access period, you would need to purchase your product selection again. Part 1...

Questions: 204.1. When the 7 year par rate is 2.20%, a market maker sells (writes) $40.0 million face value of call options on a 7-year U.S. Treasury note with a strike of 110 and a dollar value of an '01 (DV01) of $0.0250 per 100 face value. The underlying U.S. Treasury note has a price of...

Hi! As we are always working to improve your exam preparation, we are trying something new! This is a fast-track supplemental review (for each P1 and P2) over the 16 weeks preceding the FRM exam, guided by eight (8) emails every two weeks. Of course, if you miss the emails, you can still...

Questions: 204.1. The spot price of natural gas is $3.00 per million British thermal units (mmBtu). Assume the risk-free interest rate is 1.20% per annum. At this low price, the cost to store natural gas is 7.20% (as a constant proportion of the spot price) per annum. Both the interest rate...

Questions: 203.1. Each of the following is TRUE about a European exchange option (aka, outperformance option) EXCEPT: a. An exchange option can be valued with a simple variant of the Black-Scholes-Merton called Margrabe b. As the risk-free rate increases, the price of the exchange option...