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If so, I'd like to know how the PV of the premium leg above relates to this formula:

Hi all, How would this #5 problem work if this were extended to 1.5 years? Or 2 years? In addition, I couldn't really find a related example in the text - is this the Merrill Lynch CDS curve example in Malz 7?

Just wanted to point out a similar question is int he 2017 practice exam, not sure if it was ever tested on the real exam

5. An analyst reports the following fund information to the advisor of a pension fund that currently invests in government and corporate bonds and carries a surplus of USD 10 million: Pension Assets Pension Liabilities Amount (in USD million) 100 90 Expected Annual Growth 6% 7% Modified...

Hi all, Can someone explain why the bank gets paid whether or not the bank defaults or not? They receive $20 million, which is the difference between the value at maturity and the value of the debt at t=0. If the debt defaults, they get $30 million which is the difference betweeen the value...

I'm referring to all practice questions, it doesn't seem like a heavy lift but correct me if I'm wrong

Hi, I would like to make a suggestion for future practice question PDFs - is it possible to include the question stem and answer choices int he answer explanations? It is a PITA to scroll back and forth especially on a mobile device. The GARP practice exam PDFs already follow this format...

N/m I figured out the error in my spreadsheet, htnaks!

Well let's say you are provided with: $ value of Asset 1; E(R) of Asset 1; SD of Asset 1 $ value of Asset 2; E(R) of Asset 2; SD of Asset 2 You can easily calculate the weightings from that - so let's say $75K in Asset 1 and $25K in Asset 2 means 75% and 25% respectively.

Hi, We are given the following 2 asset portfolio VaR formula: If no weights are given, how does the above formula change? Or is it just easier to calculate weights?

Hi @Nicole Seaman , I will take the Amazon gift card, thank you!!!

I am just wondering if there is a condensed formula of this list? Understandbly, the goal is to remember all 67 of these but in reality that may not be possible. Is there some kind of list of 15-20 "No Excuses" formulas floating around? For instance I would include Merton model and LVaR.

My strategy of randomly guessing "B" on questions I don't know is working out to be better than actually trying to answer the question

Hi Nicole, I will take an Amazon gift card, thank you!

I have counted 761 multiple choice questions not including the optional Appendix questions and the questions that have yet to be released.

Hi Nicole, I will take the Amazon gift card. Thank you!

I have uploaded my formula sheet from Part 1, I hope someone can provide something similar for Part 2

Hello, Does anyone have a count for the Part 2 practice questions? I just want to get an approximation to track my progress and ensure I stay on schedule

Passed 1,1,2,1 On to the next one

Now that I can breathe (yay), I'd like to get a head start on Pt 2 for May of next year and read purchase one of the books. Is there one you would recommend? It seems like Dowd, Jorion and Hull readings dominate the curriculum