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  1. K

    One Tailed Two Tailed

    Hi David I have a basic question. How will you decide whether a test is one tailed or two tailed. I shall be thankful to you if you can illustrate with this example. Further I referred one web site which states In a one-tailed test, the critical region will have just one part . If our...
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    1st Live Webinar Review: Saturday July 11th at 9 AM U.S. EST

    Dear David I am unable to download the webinar held on 11th July 09. Please facilitate in downloading the same and do the needful. With Regards M.Karthik
  3. K

    Core reading

    Dear David I have enrolled for the full exam. Please provide with the link line for enrolling into the bionic program. Also please specify the timetable schedule. Please offer some discount as I am a returning candidate. With Regards M.Karthik
  4. K

    full exam '09?

    Hello David If I take the exam Level 1 in November 09 (assuming that I pass this exam) can I take the Level 2 exam in June 2010. Please reply. Also if I opt for the full scale exam (old syllabus) what will be fee that you will be charging me. Please note that I am your existing member...
  5. K

    Finally.... I passed

    Dear Harper Thanks for your words of comfort. I checked by scores yesterday I got Level 2 in operation Risk, Level 3 in Market Risk and Level 4 in Credit, Investment and Quantitative risk. I was really surprised with Credit risk score as I had prepared and done well on the said topic. I have...
  6. K

    Finally.... I passed

    Dear David Thanks for all your excellent support but inspite of my best effort I could not clear the exam as I could not answer the VaR questions properly. I have not checked my scores as yet. Nevertheless I want to continue my association with Bionicturtle for the upcoming exam. In case...
  7. K

    Question about Hull's interest rate swap as FRAs

    Dear Harper I have a doubt on the folloiwing question A currency swap has remaining life of 15 months. The swap exchanges 5% on 50 million pound sterlings for interest at 8% on $80 million US dollars once a year. Both interest rate term structures are flat: US dollar at 6% and UK pound...
  8. K

    Question about Hull's interest rate swap as FRAs

    Dear Harper What is the likely date by which the formulas will be uploaded. Also please reply for the two questions posted by me yesterday. With Regards M.Karthik
  9. K

    Question about Hull's interest rate swap as FRAs

    Dear Harper Please help on the following question An option on a stock has a payoff equal to the square of the positive excess of the stock price over the exercise price at expiration only if the stock exhibits an annual growth rate of 15% or more every year. Given the following...
  10. K

    Question about Hull's interest rate swap as FRAs

    Dear Harper Question Gamma Industries, Inc. issues an inverse floater with a face value of USD 50,000,000 that pays a semi-annual coupon of 11.50% minus LIBOR. Gamma Industries intends to execute an arbitrage strategy and earn a profit by selling the notes, using the proceeds to purchase a...
  11. K

    Question about Hull's interest rate swap as FRAs

    Dear Harper I am unable to understand the logic for the following question- source Market Risk question 9 Hull makes the distinction between investment and consumption assets- Answer Difference to the forward price- Please explain the logic. With REGARDS m.kARTHIK
  12. K

    Question about Hull's interest rate swap as FRAs

    Dear Harper What is the likely date by which you will upload Just formulas. Kindly acknowledge.
  13. K

    Question about Hull's interest rate swap as FRAs

    Dear Harper I am came across course by the name Certified Derivative Specialist being offered by Derivative Financial Analytics Institute, Miami USA. Is it worth doing. I was referred to this course by a colleague of mine in India. Please advice.
  14. K

    Question about Hull's interest rate swap as FRAs

    I am unable to download the study notes for CREDIT RISK & OPERATIONAL RISK. In both files I get the error msg. "THERE WAS AN ERROR OPENING THIS DOC. THIS FILE IS DAMAGED AND IT COULD NOT BE REPAIRED". Kindly help urgently. I am attaching the screenshot for your ref. As you had...
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    Question about Hull's interest rate swap as FRAs

    Doubt regarding storage cost I see in certain cases where forward contract involving storage cost is calculated in the following manner. F=(S+U)ert where U is the storage cost. While in other cases the forward contract is calculated in the following manner F=Se(r+u)t. Please...
  16. K

    Question about Hull's interest rate swap as FRAs

    Dear Harper Unable to download the Credit risk material. Please facilitate and do the needful. Also I shall be thankful to you if you can reply for my mail dated 4th July 2008. With Regards M.Karthik
  17. K

    Question about Hull's interest rate swap as FRAs

    Dear Harper I have completed Market Risk from your study material. Apart from this I have gone through Philipe Jorian 4th edition (except for Bond and Fixed Income Securities) for the Market Risk portion. Because of the time constraint and professional commitment I could not go through the...
  18. K

    Question about Hull's interest rate swap as FRAs

    Dear Harper I understood the reply posted by you on 30th June 08. I feel if the given information is converted in the form of a ratio then things can be easily interpreted. (Is my understanding okay?). Please correct me if I am wrong. Further regarding yesterday's information (covered...
  19. K

    Question about Hull's interest rate swap as FRAs

    Dear Harper I have a doubt on the following question (Source FRM Exam 2004). The question is something like this The two year risk free rate in the United Kingdom and France 8% and 5% per annum continuously compounded respectively. The current French Franc (FF) to the GBP...
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