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Got my work experience approval this morning. I submitted my work experience on 13 July and I sent email to follow up on my submission’s status every two weeks. The customer service is quite responsive, although they cannot provide a specific timeline when your submission going to be reviewed.

Passed with 1 1 1 2 2 1 I will recommend BT to anyone that plans to take FRM

first one, I remember the question was asking "time-weighted discrete default rate", which I calculated using geometric average and get the answer D. The second one, is the question saying someone observed the market volatility is increasing, and asking the direction (increase/decrease) of...

Choice C: default correlation of the originator (Bank xxx) of the mortgage and the CDO protection (CDS) seller increase. I think the originator has nothing to do with the CDO here, as it already transferred the credit risk to the SPV. It would be the default correlation between the underwriter...

On p.59 of the notes for T5 R5 Tuckman's ch9, the model highlighted in blue is wrong

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results are out Passed 1,1,1,1 So glad I chose BT and thanks for all the support

Yeah, that's crazy. Why don't Garp just allow erasers?

I thought about simple delta during the exam, but I remember the exam did not provide the option price

There is one question about the delta hedge of a long call position. The question provides a one-step binomial tree of the stock price (with S0 and up movement S1 and down movement S1). I could get the volatility with changes of up movement, but the question does not provide risk-free rate. Does...

there is plenty of area in the booklet, should be enough for calculations

@Nicole Seaman Is the practice question set for Topic 4, chapter 7 Operational risk missing? Or is it combined with other chapter's question set?

@David Harper CFA FRM I got it! thanks.

On page 19 of the study material of Chapter 5 (MPT & CAPM)