Search results

Now GARP is beginning to use less specific deadlines, eg., SHORTLY :-)

It's out. I can register for Level II. I guess that means :-)

I guess that means... :-)

Teach by example...

They cannot shock me anymore after they screwed up on typos, incomplete question and question not covered in AIMs.

yet?

I would take questions like the one on the box spread as the one designed to get you wrong and most likely inavertently on GARP's part. I seriously do not believe they do this on purpose and they just want to appear as if they did ex-post. Unless you are in the business of creating box spreads...

Just wanted to share with you all GARP's response to questions related to Box Spread and the incomplete question on binomial tree. Questions: 1. There was a question on box spread. Box spread, though in John Hull textbook, is clearly not in curriculum as per FRM AIMs. 2. There was a...

David: I would like to think so but only 5th Jan will tell.

My breakdown would be: Confident 75 Educated Guess 10 Wild Guess 15

@andiela: 1) Bloomberg question - If you are talking about the one that gave a bunch of bonds maturing in succeeding 6 month time frame, there was about 6 bonds but you had to use only first two or three. The Price, time to maturity coupon was given. We needed to find the discount rate. I...

I guess while evaluating how well you did, you have to take it relatively. For those 10-12 % really hard questions, how many of the folk could have gotten them right? So, in average, I think if you got the easy questions right, chances are you will likely pass.

I don't know why but Box Spread really bothered. If they throw in stuff outside of AIMs to make the exam difficult, they should find other ways to be creative. To be fair this question and the incomplete question on the probability tree should be thrown out of markings...

If you took the FRM full exam, I would think that would have been a more difficult test than any of the CFA level. But CFA all three exams put together, I would say it is much more difficult and comprehensive than FRM. Yes, FRM is surely more quantitative.

Not really. It is applicable when you have choices like. A. i, ii B. i, iii, iv C. iii, iv D. v only You still have to select only one of A, B, C or D.

In regard to: : There is a bond with coupon at 8% and yielding 6% a year. Time to maturity is 5 years. What happens to the price after one year? I also thought this was a great question. But to be perfectly honest, I have to admit "Pull to Par" concept never came to my mind while doing it...

CRO says question is really not fair I thought. I also picked information provided was not enough. But it could go either way. VAR is not supposed to cover the lowest 1% and the loss of 2 b is not unusual. That way it's not risk management failure. Then we are both okay. But if it is assumed...

David: Regarding that one question where European Put Option price is given, also given are exercise price, time to maturity (6 months), risk free rate and current price of underlying. Next divident is in nine months. So it absolutely rules out possibility of a dividend during the terms of both...

Level I contd.. ---------------------------------------------------------------------------------------------------------- 1. Cash Flow/Compounding question: You are investing for 30 years. You invest $10 today and 20$ 15 years from now. For the first 10 years the interest rate is x% with...

@abl2117: "- Question on rating migration which I don’t remember as being part of the curriculum for level I." Actually rating migration is part of level I. It's in valutation and risk models...