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in any case a cut off score of more than 60% seems highly unlikely. pl remember 50% is the pass rate.

PFA a 5 page doc which is a snapshot on- Brush up- Expected concepts / formulae /common errors / general tips / one liners for FRM Level 1. Would be useful both for the existing test takers and also for those who are planning to take in May 14. Had uploaded the same on 14 Nov on a diff site but...

Thanks Uzi for sharing ur thoughts. With respect to Quantitative part- Q 17- Bond replication-(PL see my comments in the excel sheet attached earlier at Q. 3] With respect tour Q 19-CTD -pl see Q no 58 of excel sheet . Q- 28- Discount-Pl see Q.68 of excel sheet. Qualitative- Q 4-Crack spread-...

Butterfly and straddle are both volatility strategies. However there is a slight differrence. In butterfly the bet is on the prices moving on both side . hence a range of volatillity is defined. [ Strike prices are diff ] In straddle strike price is same . the question was market remains...

i too had ticked that one ..appears to be logical..if a bank has limited data it makes sense to borrow the quantitative data from similar industries from outside and then scale them accordingly..am not sure whether there was any better option

@Sabit- data was given for return/volatility of t day and t-1 day. we had to find the volatility of day t. we had to use EWMA model. catch was we had to calculate the SD (volatility) using the formula for correlation/covariance. regarding the question on graph there were 4 graphs on X-Y axis...

@krenate- everybody is just guestimating. the cutoff can be as low as 50. so lets wait till 2 jan

@krenate- yeah the EWMA model for t-1 required some calculation..so me too found the t day and it was one of the options, eliminated that and guessed the other one close to it. regarding the graph ( 3 VaR and one by analyst) i chose the topmost one [ above the straight line there were 2 ]...

there were two..we had to see the slope and intercept to eliminate

endorse ur view rua..cant be more than 60..logically

q.88- me too q-75 - agree actually who and where are being understood interchangeably. clear house wud probably direct " Deliver to Mr. X at that place" In case of confusion all the specifications can be decided well in advance like specifications/contract size/grade/delivery month/place...

Hi Uzi..thks for ur inputs. Q2 - agree Q 24- could be Q.35 -ur convex ans if for q 36. i too marked the convex one which is the mirror image of effcient frontier q.46-pl reread the question. the question asks for the effect of increasing risk free rate when beta is more than 1 say 1.2 ...

Hi MayaH, Pl refer to q.54 of the excel sheet i have uploaded in my earlier post. The gist of the question was. "The market is expected to be flat". What should be the strategy? Ans- Short a straddle. [ Straddle bets son volaitility and if the price is expected to remain at the same level the...

thks. u seems to be quite optimistic abt me. hope we all clear. good luck..lets wait and hope for a happy new year

ok. thks. what do u think should be the cutoff score..or is it that i am too optimistic when i consider it as 60%

thks. lets hpoe the final result is good. what do u think should be the cut off score ?

thks krenate. i would be happy to know those questions and solutions . it would help us and other users of this forum for future guidance. as i had mentioned that the answers may not be correct. they are the ones i have marked. what do u think should be the pass score?

Hi all, PFA an excel sheet with 88 questions of the FRM Part-1 on 16 Nov 2013 based on memory. [ In CFA we cant discuss actual exam questions but it seeems GARP is silent about it ] . Encouraged by the discussions am sharing my questions. What could be the expected score to pass ? My guess is...