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yeh ... we needed those people to lower the bar ... well i can only speak for myself... not looking fwd to july 7th

ha that makes sense too. those were the 2 that i was deciding between. i even marked in the book that they were both good answers. test was brutal in hindsight. What was the goal of their questions? lol

quadratric as it needs more inputs

you guys have great memories ... but w/ each post you increase my chances of having to crush this in november ... lol. GL to all

yep they got me on this one. i poured over these 2 choices for a long while. i mixed up the prime and subprime in the ? ... not good

i thought it was independent amt b/c of the heavy vol in the collateral. the independent amt is like negative threshold ... it's provides over collateralization ...

ahh in that case you're right ... i only remember saying they were long options ... but i didn't read whether they were in the money or not. thanks. not looking good for my paper

i thought it was a call option on the equity and on the currency. perhaps i got it wrong then ... i thought ITM call was the same as OTM put --> higher implied vol --> underpriced by BSM for call option on equity.

i believe the question asked what would be the result if you priced it using lognormal instead of the true smiles / skew ... so i think it's the opposite of what you have above ... but i don't remember too clearly anymore

It was difficult as expected. I found it to be harder and written differently from the 2014 GARP practice exam. The coverage was sufficient. I language tripped me up quite a bit at times so i was in between answers. I don't think i cleared it. i don't have the best memory so i'm sure others will...

I passed ... Thank you so much David and Suzanne 1/2/2/4 - Part I ... Can't wait to sign up for Part II

i'm glad this matter has been reported. The actions of the candidate and the proctor warranted reporting to GARP. Please keep us updated on the matter.

Wow. You were right in your handling of the situation. That is quite unfortunate and i hope that it did not affect your results. I would send a letter to GARP about this.

The test was fair but seemed highly concentrated in a few areas and it's already only 100 questions. I underestimated the time aspect of it. I hope i don't have to take it again. Jan 2 cannot come soon enough.

Can you please reivew these answers and see if these answers are the correct ones. I saw your response regarding Jorion and just answers and think this could be useful. If these are incorrect please delete my post...