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  1. C

    Correlation in CDS

    David, So far we only learn about how the spread for Junior and senior tranches affected due to correlation of Zero and perfect correlation. But can you please explain how is the spread changes if the default correlation is NEGATIVE? and another scenario is the NUMBER of asset in the...
  2. C

    confusing VaR calculation method

    Information from question given: Portfolio value $150, annual return 12%, annual return volatility 25%, calculate VaR using 3 standard deviation. my answer is = 150( 12%-3*25%)= 94.5 but solution given is 150*3*25% it is very confusing, when we should include the annual return of 12% to...
  3. C

    Number of questions and time Part 1 and Part 2

    Thanks, But in their official 2010 FRM examination Practise booklet, they said "note that 2010 FRM exam consist of morning and afternoon session, each containing 70 multiple choice question. this is written in the page 3 under "introduction".
  4. C

    Number of questions and time Part 1 and Part 2

    anyone know what is the number of exam questions and time for each Part 1 and 2 exam?
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