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thanks aleksander for your reply. I shifted my question to a new thread as I feel bad about hijacking Blue_Jon thread

I am now working in education industry teaching aged 13-16 basic accounts. Graduated with finance degree but chose to work there because of "passion". Afterwards, found that the "passion" died and I wish to return to finance. In short, currently pass CFA L3, now taking FRM part 1&2 and this july...

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Imagine level 3 is the hardest and last year (the year I took the exam), I remember 2 questions. 1) Theory question. What is snake bite effect and which of the following is snake bite effect. 2) Calculate sharpe and sortino ratio (full questions on this) and compare. Seriously, these...

Yes, this part is where common sense wun work

the level 1 of cfa is dumb compared to frm 1&2. They ask questions like time value of money

Suppose the rate on 1-year zero-coupon corporate bonds is 13.5% and the implied probability of default is 3.96%. Assume LGD is 100%. Based on the given information, the 1-year T-bill rate is closest to: A. 4.49%. B. 9.00%. C. 6.74%. D. 6.00%. I am able to solve using one method and get 9%...

For those who did the paper, did you managed to finish it on time? Heard the time was rather tight

As above, whether is it preparation or on the D-Day. Let me start the thread going. For me, I downloaded 2006-2012 FRM practice exams to do. When doing, I managed to sharpen my saw on many concepts (e.g. the formula credit spread=EDF * LGD)

Hi Dmitrij, did you find difficulty with the questions? I did the sample exam and can only manage 70%. I heard the passing score is 75% and I really don't believe it is true (I was guessing the passing score was 60% as every questions are so hard and detailed). Especially the passing rate for...

no u need 3 sittings

Heard FRM and CAIA is easier than CFA. From my experience, FRM is 150% harder than CFA at least. So taking part 1 and part 2 of FRM is like taking CFA 1 + 2 in one sitting. So the above statement is false (Maybe this is made by some CFA candidates who have high ego). Anyone took CAIA before...

Just my 2 cents. I passed CFA L1,2,3 in one try easily and I am now struggling with this FRM part 1 and 2 (It tough).

but won't volatility be the same for both (I keep drawing the volatility skew in my mind)

With all other things being equal, a risk monitoring system that assumes constant volatility for equity returns will understate the implied volatility for which of the following positions by the largest amount: a. Short position in an at-the-money call b. Long position in an at-the-money call c...

Noted with thanks. As it is near exam, I am unable to do a mapping of questions. But I am now on 2010 practice exams part 2 and I saw many questions that are repeated from 2011 and 2012. I can give the answer without even thinking. Below are some extracts of the questions. I did not even...

David, any thoughts? The more I do, the more similarity I discovered. There are many questions that are exactly the same

But 2012 practice exam is based on 2010 FRM real exam, 2011 practice exam is based on 2009 FRM real exam, 2010 practice exam is based on 2008 FRM real exam. That is to say that the real exam has many overlap questions too?

I am now doing practice questions from FRM website. As the website stated 2012 FRM Practice Exams Based on a sample of questions from the 2010 FRM Exam, these practice Exams are representative of the questions that will be in the May 2012 FRM Exam. 2011 FRM Practice Exams Based on a sample...

This is a statement by schweser and also investopedia. How can it be true? For long put, the longer the option, the cheaper it may get as the expected price of stock will be higher due to interest and because of this the put will decrease in value? What is wrong with my logic?