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I have passed Part II recently and I have been submitting my CV verification since 1 July.. But i still havet received any response from GARP about the verification.. Is there anyone received GARP reply on CV verification in this period? Thanks a lot

Another Question..i wonder the answer is wrong.. Assume the spot rate for EUR/USD is 1.05. A US bank pays 5.5% compounded annually for one year for a dollar deposit and a German pays 2.5% compounded annually for one year for a Euro deposit. What is the forward rate for EUR/USD one year from...

Consider an eight-month forward contract on a stock with a price of $98/share. The delivery date is eight months hence. The firm is expected to pay a $1.8/share dividend in four months time. Riskless zero coupon interest rates(continuously compounded) for different maturities are as follows: 6...

Consider the market environment in which 1-year swaps are yielding 4% and have a duration of approximately 0.95. A 1 year inverse floater with a coupon of 12%-2 LIBOR (3-month) has been just reset and its trading at par. The duration of this inverse floater will be closest to: The answer is...