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  1. K

    Feedback on Level 2 May 2010 Exam

    hi david Re:Re: “i think that it’s importent to emphasize that the more you read - the more u r prepared” I personally am glad to hear this, isn’t this how it should be? I would like to think we are learning substance not just techniques for passing a test….(!) ... I am delighted by this...
  2. K

    Feedback on Level 2 May 2010 Exam

    hi david i think that it's importent to emphasize that the more you read - the more u r prepared!!! i mean, they asked about UBS: WHICH OF THE FOLLOWING DIDN'T CAUSE THE UBS TO LOSE (4 STATMENTS there was a quetion about the credimetrix, kmv, credit+ and another 2 others which i think...
  3. K

    merton model

    hi david i notice that when u caculate d(1) u do: (ln(v/d)+(mu-vol^/2)*t)/mu*sqrt(t)) notice - u divide by mu!! (6.d.1) in another spreadsheet q. 39 in the sample exam u divide bu vol!!! i think it should be divided by vol, what do you think? help me out here the exam is...
  4. K

    marginal PD

    HI DAVID IS THE MARGINAL PD = UNCONDITIONAL PD OR MARGIINAL PD = CONDITIONAL PD? I AM ASKING WITH FOLOWING TO QUESTION # 12 IN THE 2010 SAMPLE EXAM
  5. K

    Defined Contribution Pension Plans vs. Defined Benefit Pension Plan

    thanks david i realized that i know this topic very much but didn't knew the phrase thanks anyhow. AND THIS MYTE BE THE OPPROTONITY TO SAY THANKS ALOT FOR ALL THE HARD WPRK YOU PUT IN THE BT!!! HOPE IT WILL GET ME TO PASS THE TEST.... REAL THANKS!!!!
  6. K

    Defined Contribution Pension Plans vs. Defined Benefit Pension Plan

    what are the differance between the 2? thanks ktm p.s the formula pdf is the same for L2 2010?
  7. K

    CURRENT COUPON VS. OAS

    HI DAVID IS THERE A DIFFERANCE BETWEEN THE 2?
  8. K

    VULNERABLE OPTION

    HI DAVID as u can see from my questions i am reviewnig stilzw on credit... i saw your exal 6.f.3 adnd i didn't get the 2 sheet, what did u meant owith your remark? as to my understand the 18.22 equation stulz' is the pricing of the credit derivative please help thanks ktm p.s...
  9. K

    stulzcredit spread

    hi david i can't seem to get the hang of stulz eqution to credit spread: i can see the math behind that says: that the longer the maturity - the spread nerrowes, but in the real world the more the time to maturity lenghts, the more i want a compensation for the lack of uncertanty and the...
  10. K

    Charge for Credit Risk (internal economic capital)

    HI DAVID i think there is mistakes in your exl 7.a.2 first the LGD IS NOT SET ON THE RIGHT CELL second: why do you calculate the umul pd like you do: 1-(1-pd)^sd isn't it supposed to be: 1-(1-pd)^tenor? would apprechiate if u can help here thanks
  11. K

    PAC bond

    hi david i womder if u can elaborate on the PAC bonds - how they work and what is the bands, PSA ect.. i saw a question on that in the 2007 exam and i am not shure i know how to approach it thanks
  12. K

    TIER 3

    HI DAVID i noticed that in the 1st L2 webinar you said that there is a constraint with the ratio tier1to tier3' what is this ratio? i know about he ratio tier1 to tier2 and that tier 3 is only for market, are there any more constraints that i need to know? thanks ktm
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