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Hi @Sapnesh if you can just be patient a little while longer, I think the mock test access will be fixed soon enough. Really sorry, but we are working on this ..

Hi Adele (@a.bologna295 ) this is a typical pattern-like question in the CAPM cluster. The CAPM tells us that we might expect all securities (in the world where systematic risk is the only factor) to plot on the SML; under-valued (over-valued) securities will plot above (below) the SML...

Hi @Razi I do not know, sorry. But @Nicole Seaman might be able to find out (at some point this week, she's really busy) ....

Thank you @Nicole Seaman !

Hi @rex.w.chow You are right to be confused. That question was flawed (and feedback was subsequently provided to GARP): in fact, without any specification, under an annual horizon we'd assume an absolute VaR. The question has the burden of specifying relative VaR, if that's what it wants! If...

Hi @ABSMOGHE It's totally my pleasure! "Alpha" is a hard concept in the FRM, due in part to its appearances by various authors. Regarding your statement: "I also apologize for being too pushy on this, however as the exam was near the clock, I was very anxious about being able to understand...

Hi @ABSMOGHE You've asked many questions, some of them refer to entire chapters in the syllabus. Here is my first pass: In most cases the second version simply incorporates excess returns rather than explicate gross returns. (Note: it's true we can use version #2 with gross returns but for...

Hi @Gareth I was done for the day ;) (only to move to other work!) but this is quick indeed so .... no, you don't need Bayes to populate the probability matrix, although I've come to see that, if you understand the prob matrix, Bayes is trivial to understand. You just need three (two, really)...

done with forum support today, just getting too tired and I need to get on to other work, I'll be back tomorrow (Monday). Don't stress, if you are practicing, you'll be find. And good luck

Hi @tanvo86 @Nicole Seaman will reply to you on Monday (she's out for the weekend), but I don't think we pre-announce any timings ... Thanks, David

Hi @gargi.adhikari After @Nicole Seaman posts the F-ratio video to our YouTube section, I will edit the summary below for greater clarity. For the moment, because I don't have much extra bandwidth, I am going to "collect" the first rough draft; we have a useful tag =...

Hi @Nejc Yes, that's roughly correct (~ December 1st I would expect). Sometime around then, GARP will officially release the 2019 syllabus (Nicole will update our XLS LO-versus-prior worksheet) and, subsequently, the degree to which 2018 books are applicable for 2019 will be publicly known...

Hi @ABSMOGHE Oh okay, sorry, they came up today freshly for me, for some reason (3 new posts); Nicole was trying to help with them, maybe they were moved. This forum is becoming very time-consuming for me personally (and somewhat brutal on my spare time), and I am starting to wonder if the...

Hi @ABSMOGHE The notes are notes of Gregory, so after I take the time to look it up (because you didn't supply any specific reference to help me save time), I can see that the formula is Gregory Chapter 6.1, see below. Only one of the max(.) terms will have a positive value. Either the...

@uyttrefds you need to source questions like this (if you want me to even try to help). If it's textbook end of chapter question, we may be able to link to helpful reference(s)

@ABSMOGHE we also use tags, you might notice at the topic is a tag for "subordinated" (https://forum.bionicturtle.com/tags/subordinated/) which would lead to this thread. We need to ask you to make an attempt to search before posting to a fresh thread (you posted three times this morning to...

Hi @ABSMOGHE As this question (or variation on the same) has been asked so often, I've elaborated here in the text associated with our new YouTube video feature posts https://forum.bionicturtle.com/threads/t2-3a-summary-of-joint-vs-unconditional-vs-conditional-probability.21654/post-71326 i.e...

The distinction between joint versus conditional versus unconditional probability is one of the most commonly asked questions on this forum! The video above illustrates these terms in the context of a probability matrix. To supplement this video I have prepared a very succinct spreadsheet here...

Hi @sparty The short answer is about the spreadsheets is: no, not immediately, but yes, eventually! We work in a continuous update mode, so we revise the spreadsheets in batches: With respect to youtube, after we finish a playlist sequence, we incorporate (organize) the revised spreadsheets...

Hi @aangermeyer I recently recorded a new YouTube video walking through the theoretical T-bond price exercise (using Hull's exact numbers). To further clarify, my explainer includes the diagram below (my video is further below). Hopefully this helps. You can see, we start with an assumption for...