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Hi @David Harper CFA FRM @Nicole Seaman R68-P2-T7 Hull Study Note page 25 - I think a closing parenthesis is missing in the market risk capital charge formula as highlighted in red below. Screenshot: Thanks Karim

Hi @David Harper CFA FRM I don't think this has been fixed yet. R57.P2.T7.Dowd Study Note page 7 still shows "Plus select threshold (u)" under GEV, which confused me when the POT disadvantage below says the threshold isn't a problem with GEV. Screenshot: Thanks Karim

Hi @David Harper CFA FRM @Nicole Seaman It looks like the fix mentioned in point 2 above hasn't been made yet. R55.P2.T7 Girling Study Note page 7. Screenshot: Thanks Karim

Hi @David Harper CFA FRM @Nicole Seaman As exam day in May is fast approaching I was thinking about the materials to use to review. 1) The E & F mock exams from last year should be mostly applicable due to the few syllabus changes in 2018, so maybe you could just point us to some additional...

Thanks @David Harper CFA FRM By the way, I'm a big fan of the chapter summaries at the end of some of the Gregory study note chapters! There's a lot of information, and it helps to have a summary of the key points at the end. If possible, it would be great to have the same kind of concept in...

Hi @David Harper CFA FRM @Nicole Seaman For Gregory, Counterparty Credit Risk there's a 6th chapter on Collateral in the 2018 GARP learning objectives which is correctly listed in the Study Notes, but missing from the Study Planner header, and list of instructional videos. Screenshot...

Hi @David Harper CFA FRM R44.P2.T6 Malz Study Notes page 42: I think the Default01 formula should have 1/20 multiplied by the difference in the next 2 terms rather than just being 1/20th of the 1st term. Current formula: What I think it should be: Default01 = 1/20 * [(mean value/loss for Pi...

Hi @David Harper CFA FRM I think there's an error in R43-P2-T6 Stulz Ch 18 Study Notes. On page 4 you have the excerpt below saying Debt holders receive Max(F-Vt,0), but for example if the firm value is 80 and the face value of debt is 100, don't the debt holders get 80 back rather than...

Hi @David Harper CFA FRM I also noticed the missing N in the PD formula. Would be good to get it fixed please. Thanks Karim @Nicole Seaman

Hi @David Harper CFA FRM Someone in the whatsapp group was asking how to solve a question from another provider which I thought I should be able to answer, but wasn't. I thought we'd need to build up to 5% probability in the tail when rates rise and bond prices fall to find the VaR, but since...

Never mind @David Harper CFA FRM Looks like that's been tackled here https://forum.bionicturtle.com/threads/hull-19-03.6391/#post-26868 so adding onto that thread. Thanks Karim

Hi @David Harper CFA FRM In R40-P2-T5 Hull - Problem 20.3 on volatility smile & Jumps in asset price I'm confused since when I read the part about Jumps in the asset price, it made me think of the learning objective below and a volatility frown. However the answer to the problem is a normal...

Thanks @David Harper CFA FRM It looks like a couple of the learning objectives in R39-P2-T5 Tuckman Chapter 9 Study Notes aren't explicitly covered although they appear in the list in the study note itself. I'll use the wording of GARP's 2018 learning objectives since it's slightly different...

Hi @David Harper CFA FRM I've realized now that's it's the rt values that build on each other, so it makes sense that we scale each value by a single time step. However, I still don't get the purpose of the (t) [or dt] column in the table since it's not used in the calculations. Screenshot for...

Hi @David Harper CFA FRM In R39-P2-T5 Tuckman Ch9 Model 1 - Simulation: Why do we always scale the random value by SQRT(1/12) for every month when calculating dw? Current calculation in P2.T5.Tuckman_Ch9.xlsx for the 3 month rate: Whereas intuitively I thought we should be scaling by...

Hi @David Harper CFA FRM R39-P2-T5 Tuckman Study Notes chapter 8 page 39 I think we're missing the E for E[r] in the Jensen's inequality formula. Screenshot: Thanks Karim

Thanks @Nicole Seaman Hi @David Harper CFA FRM This one isn't an error per se, but when you eventually revisit R39-P2-T5-Tuckman Study Notes it would be helpful if you could number the formulae since the explanation refers to a bunch of formula numbers which are hard to follow since the...

Hi @David Harper CFA FRM @Nicole Seaman There seems to be an issue with P2.T5.Tuckman_Ch7.xlsx I've just downloaded it again, but it tells me there's a problem. Screenshot: I told it to make the repairs, and it got the following popup: Here are the contents of the log file listing the...

Hi @David Harper CFA FRM @Nicole Seaman R38-P2-T5 Meissner correlation study notes on page 37 I think the variance of X is missing the -E(X)^2 piece if you compare it to the variance of Y. Screenshot: Thanks Karim

Hi @David Harper CFA FRM @Nicole Seaman In a couple of the R38-P2-T5 Meissner Correlation videos (Chs 1 & 3 if I remember correctly) David refers to a learning spreadsheet, but I don't see it in the study planner. Just checking why it hasn't been released since it seems to exist based on the...