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Maybe I am too stressed up but I remembered seeing something about FRM exam does not allow eraser and if you shaded the wrong answer, you are supposed to make correction on another piece of answer sheet?

I was afraid to change battery for fear that the new battery may be a lemon and die on me after working fine for a while. :p I have been using the calculator for 5 years already and it has not die on me yet. So I am thinking that P(old battery dying)<P(New battery not working)

Actually I am most worried that the calculator will fail me in the exam. I am afraid it cannot be turned on after I enter the exam hall. I am just hoping that my 12Bii plus will at least give me some warning sign before it dies

I am a bit early as I managed to finish all mock papers today. I think my quant part is more or less okay. Now I am hoping to improve the qualitative part. Which chapters are hot topics for the exam? For example, I am sure one of them is Basel 2 chapter (in schweser it is chapter 43)

Noted.

I stumbled onto this question while I was searching for answers to other questions to the official mock exam. I was unable to do it and I thought this may be a good question to discuss. I apologize if I have offended you:p

I saw this randomly on a china tuition provider website. They list the source as 2001 FRM real question. May I know why positive gamma is less risky? Is it because gamma is similar to convexity?

a) Gamma negative Delta positive b) Gamma negative Delta negative c) Gamma positive Delta negative d) Gamma positive Delta positive OA is a). I don't understand.

So the door will close at 8am? They wrote 7am-8am so I just have to come before 8am right?

Oh man, do they reopen the door like what CFA institute did?

Can I double confirm Texas Ba ii plus can be used? Although it is listed on the website, I am worried after reading those posts above

Thanks a lot!

John Flag, the manager of a USD 150 million distressed bond portfolio, conducts stress tests on the portfolio. The portfolio's annualized return is 12%, with an annualized return volatility of 25%. In the past two years, the portfolio encountered several days when the daily value change of the...

Suppose the daily returns of a portfolio and a benchmark portfolio it is replicating as follows: Portfolio Return(bps) Benchmark Portfolio Return(bps) Day 1 34 30 Day 2 -89 -87 Day 3 108 102 Day 4 70 70 What is the tracking error over the four day period? a) 3.16 bps b) 2 bps c) 10 bps d) 2.39...

Even if I send you the file, it will not work as it is the file downloaded from GARP.

Is not easy to digest. If it is not tested, I rather skip

you need to download a key from the GARP website.

Dr Thomson, CFA, CPA, FRM, CAIA, CIC, MBA, PhD

Actually I am fine with working anywhere in the financial industry, but I would guess working in a risk management related job will benefit me more as it is a niche area (many people will just take CFA and go into investment) The Masters is part time and 1.5years. So is it possible that I...

I remember reading something about LTCM not in the wrong. They are simply unlucky people as for example there may be a 1% chance losing 100 billion and 99% chance earning 50 billion but they are just unlucky that the 1% unfortunate event happens. Anyone read anything like this before? Just want...