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Yes and easy.... :(

Not discussing either, but must have been the only one whose phone alarm went off 45 min after the beginning of the exam and having done 26 questions .... guess I will repeat bionic turtle on May 2021. Nevertheless, thanks BT team, wonderful content, I'll comment more on the exam on Monday .

No I don't think so... better we have to know why ES is a risk spectral measure and why VaR is not (i.e. the weight which is given to the tail distribution, for VaR the weight is not strictly an increasing function ; VaR is not a risk spectral measure). Also we have to know how to calculate ES...

Thanks for the clarification, I forgot that the yield is implied by the market price... :confused:

When a 11 years old post helps you to understand and thighten things up, thanks David! Nevertheless I have a doubt! In my notes (if they are correct) it is stated that : - When bond yield are in excess of 6% the conversion factor tends to favor the delivery of low coupon high maturity bond...

Hi @Nicole Seaman , This is not a question from a GARP practice exam. Apparently, it was asked on the May 2019 official exam (!) . As the question generates a lot of diverging opinons, I wanted to obtain a clarification.

Thank you David! Yes this one seemed very awkward, I hope I will not encounter something like that on exam day! :confused::confused:

Hi @David Harper CFA FRM , I hope you are well, Last year a question of the GARP exam stated (apparently) the following, If you think stock value will double what strategy is best? -Protective Put -Covered Call -Bull spread of call options -Bear spread of put options Some people asserted that...

Long time I went to visit the forum! I wanted to update one of my old post about contango/backwardation/expected future spot price/roll yield. To be honest, during a lot of time I was very confused by the theory and the possible representations (see graphics below) that a student could find on...

Thank you David!

Hi @David Harper CFA FRM , I hope you and your relatives are doing well. I was reviewing one of your learning spreadsheet about examples that are found in Tuckman (chapter about modeling and hedging non-parallel term structure shifts) and I had a doubt on how some discount factors are...

I hope the exam takes place as planned . If some people don't want to take risk, they can stay at home.

Yes your experience qualifies

Sad news but health is more important .