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Hi ahansen, As I have an iPad, I am interested in downloading the video files directly from the browser. And ideally, to save them directly so I can access them via the built-in "Videos" application. I downloaded the Atomic Lite browser, however when trying to download a video file from Bionic...

Hi David, I confirm what Anar_London states: 2011 M4V videos are a little blur when playing them with an iPad. Would be very nice if the new 2012 M4V videos fit perfectly the iPad screen ! Regards, trabala38

Hi David, I agree with you: it is helpful. Especially for those working and studying FRM at the same time. I think a lot of FRM candidates will appreciate to have a suggested "step by step" learning path, where they can make a continuous/weekly progress in the cursus. Thanks ! trabala38

Hello David, I noticed that for Tier 2, you provide Video Tutorials and Structured Email . Could you explain what will be the content of this "Structured Email" ? Thanks a lot ! trabala38

Hello Suzanne, Thanks for your reply. Just to be sure : are the discounts (returning customer/full-time student/competitive purchase/international purchase) cumulative or is it capped to $50 off for Part I / Part II purchase ? Just want to confirm since you wrote "They are able to be...

Hello everyone, GARP has released a new handbook for the preparation of both Part I or Part II exam. 2 keys concepts : 1) GARP suggests a reading plan which divides the learning cursus into 20 sessions; 2) Each reading session groups content based on complementarity (or logical grouping), and...

Hello David, Suzanne, I just saw you changed the pricing scheme for your product : - Tier 1 (P1 or P2) = $249 - Tier 2 (P1 or P2) = $349 - Tier 3 (P1 or P2) = $449 Since I think the videos are valuable, I would like to either purchase the Tier 2 or Tier 3 for FRM Part II. But frankly, I...

Hello everyone, I passed Level 1 ! 1st quartile in each category. I am quite happy. I have to say : BT really prepares for the exam with its practice questions. I think the practice questions really go deep into each topic/reading, which, I believe, is the key success factor for FRM exam...

Hello everyone, GARP has released its 2012 Study Guide. Part I is almost exactly the same. The only changes are: - Stulz Chapter 2: "Investors and Risk Management" has been removed; - Gray, Merton, Bodie: "Contingent Claims Approach to Measuring and Managing Sovereign Credit" has been...

Hello David, Very handy ! Exactly what I was looking the comparison of readings ! Just a question, you stated taht you do "AIM-by-AIM", but your Excel file is more "reading by reading" analysis, did you inadvertedly swaps the two different words ? Also, when reading that...

Hello David, Since GARP will release the details of readings + AIMS for 2012 FRM exams on 1st, Dec 2011, I wanted to know if you plan to make a detailed comparaison of the content of both exams (2011 vs 2012) ? I think it is very useful for the following reasons: 1) You can gain time by using...

Hello everyone ! I also took Part 1 this Saturday : It is quite funny to see that other people faced exactly the same problems... Makes me feel a bit more confident ! Well, regarding my feedback: - I think BT/David prepares extremely well for all questions with computations - I got the...

Thanks for your answer David... It makes this clear... Still got a question (last one for this topic, I promise) : Imagine we have to estimate the probability that the stock price X will fall below a certain level, let's say, $10. The distribution is normal with a mean of $120, and standard...

Hello David, Indeed, Stulz assume normal prices in his textbook. It is a point that I had overlooked. Regarding the information on how to compute the normal deviate, Stulz (Chapter 3; Risk Management and Derivates, p57-58) gives only this information: "To get the present value of bankruptcy...

Thanks for your answer David. I had a look at Stulz Chapter 3 p57-58, and it does not explain how they got the result (it refers to Chapter where they use an Excel function to get the quantile based on a known mean and know volatilty). After re-assessing the computation, I realized that...

Hello David, In your Excel sheet relative to Stulz 3.1.1 Bankruptcy costs, I noticed that you compute a normal deviate. The formula you use is : (Forward Price - Debt Face Value) / (sigma * Forward Price) = -1,43. I was wondering : what is the concept behind the formula ? Do you have any...

OK, Thanks, very clear. We are on the same page ;-) Regards, trabala38

Hello David, While doing Hull ex. 09 18, I encountered an issue: In your solution (cf http://www.bionicturtle.com/wiki/Hull.09.18/), you state: "P>=c + K*EXP[-rT] - S0 and since c = C, P >= C + K*EXP[-rT] - S0, or C - P >= S0 - K*EXP[-rT]" I don't understand why c=C. For me, C>=c due to the...

Thanks a lot for your answer, David ! Even if the question remains open, knowing that the answer is not straightforward makes me feel more comfortable. I also agree with you : I prefer option a). But I have another argument: The formula exp(rate_continuous) = (1 + rate_discrete_m / m)^m works...

Hello David, Well, working in the energy commodity business, I tend to say that "being long a swap" means that you pay the fixed leg. Why ? Imagine an fixed-for-floating oil swap. Because long means : if oil price goes up, the value of your swap increases. Thus, it means that you should receive...