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Don't believe the answer given by GARP - we would also have to deduct the expected return scaled down to 1 trading day (i.e. divided by either 252 or 365), which brings us down to 23,310... :-)

Hi, There are a couple of videos on BII and BIII. First - I find them outstanding how they are providing an overview of the framework, in particular the Basel II ones are extremely well-made, and I like the visualizations. Second - to which extent is this material exam relevant? It does not...

Hello, I don't get the final term in the formula for z spread. If I insert the upper bound of the sum (tau / h) into the term after the sigma, I already get exp(-(r(tau)+z) tau) ) - so the final term looks completely redundant? Regards Thomas

Hi, Tuckman Chapter 6 has migrated from part I to part II in 2015. However, on the website, it is still in part I. I cannot access the material, as my subscription to part I has expired in the meantime. Would you be able to move/copy the study material , so that I can see it? Thanks Thomas

In example 3.5 Dowd uses percentages and just plugs them into the formula (e.g. 2 instead of 0.02). This does not look even remotely right to me - in particular the exponent -0.3. If I use the actual numbers, I end up with 1.52% at 99.5% confidence, so a huge divergence. Any views on that? PS...

Hello, I am trying to make sense of Dowd's chapter 3, example 1.6 - and I simply do not get it. I am wondering whether there a mistake in the example? 1) In the second paragraph, he calculates p as the probability mass left of the lower boundary q - h/2. That looks arbitrary. Hull (in Risk...

Hi, sorry for being a bit pedantic, but I am not quite sure whether the answer to P1.T2 BT 300.2 is right. If the PDF describes the distribution of potential paybacks, the 5% quantile is 1.842 and the nominal value is $5, wouldn't the 5% VaR be - (1.842 - 5) = 3.158? Regards Thomas

Hi, maybe I missed some essential document - but I simply do not get where to start. When I go into the study planner, I see this massive list of videos, questions, papers, etc. But they do not appear in any particular order. Clicking the calendar only shows me that I am two weeks late to...