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Hi David, It gives me a great pleasure to let you know that I passed my FRM 2008 with the following score: Operational Risk:- 1st Quartile Other Modules - 2nd Quartile I really need to thank you for all your efforts in making this happen ! The main thing which helped me was your...

Thanks David. Point Noted.

Hi David, Thanks for the explanation on greeks as well as exotics. I'm really sorry to bother you like this with lookback option....but i cannot be at peace if something is puzzling my mind..... For lookback option, I understand tht thr are 2 types of lookback options - One with fixed...

Hi David, Thanks for yr prompt response. Will it be right on my part to think of Lookback Option as the option which gives a payoff between minimum stock price and the fixed stike price (Minimum for a put and Maximum for call) ? And Shout Option as the one whose pay-off is maximum...

Hi David... I have few doubts on exotics.... 1) Barrier Options - In study notes, it is mentioned tht for down and in and up and in options, the barrier "MAY BE ABOVE OR BELOW current stock price". FOR DOWN AND IN OPTION:- Does this not mean tht if the stock price goes down and touches...

Hi David, I've a few doubts in Mrkt Risk... 1) On Pg 81 of Hull (Hedging Strategies Using Futures)...in the airline example for hedging agnst price increase of jet fuel, can we use the foll formulas ? Variance = E (X^2) - {E(X)^2} Covariance = E(XY) - { E(X) * E(Y) } I used the...

Hi David, I was watching your 2nd movie on Quant and I have a question relating to normal distribution therein. You mentioned that many dice together can be construed as a normal distribution. Till now, we've always interpreted normal distribution as the one which is "continuous" and...

Hello David ! The exam yesterday was really very difficult. I had solved more than 700 questions in toto (bt + schweser) but wat came up in exam was so different...and really tough. The first half was bad....but the second half was pretty ok.....so dont know where I will land up...

Hi David…. I have 2 quick questions……. Question#1 The FLOATING rate applicable in the Interest Rate Swap is as at beginning of the swap or the rate at the end of each period ? I found two contradicting answers for this from 2 diff sources and thus this confusion at the 11th...

Hi David ! I took this question from the sample exam for FRM 2007. However, I'm not able to solve this problem. Can you please guide me as to how to go about it ? Thanks. ------------------------------ 26. Let Z be a standard normal random variable. An event X is defined to happen...

Hi David ! I'm here again for a question on Poisson Distrn...... Well, in the random quiz Q No. 15 - Set 15 ....you computed P (x = 10) while ideally it should have been 5. And in the second set, you have computed P (x=20). For me, ideally we shud take lambda for the first case as 10...

Hi David ! This is w.r.t. Qn 9 - Random Set 1 - Quant Analysis. For calculating - P(X=0), going as per the formula - the denominator shud have been 0 factorial and hence the P(X=0) should be infinity. However, in yr solution, you have not considered the denominator 0 factorial at all ...