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    2013 FRM Part 2 May Exam Feedback

    guys...the results are out... My score Op Risk - Q2 Remaining topics - Q1 My preparation strictly confined to Schweser notes :)
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    FRM Level 1 Nov 2012 Feedback

    I have cleared the Nov part 1 exam and below are my quartile scores. Foundations of Risk Management and Var - Q1 Quant and FMP - Q2 I have studied mostly from Schwezer notes which I completely regret as I found the exam lot tougher than the practice papers. I would like to start to prepare for...
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    FRM Level 1 Nov 2012 Feedback

    I went for Es(3x)=9Es(x) Balaji
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    FRM Level 1 Nov 2012 Feedback

    No, not that question, there was a question on coherent risk measure properties. I remember few options as below Var(a+b)<= Var(a)+ Var(b) ES(3x)=9E(x) Var(3x)>= 3 Var(x) Something like the above Balaji
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    FRM Level 1 Nov 2012 Feedback

    There was a Question on ES and Var comparing the coherent risk measure rules. Anyone remember the question and answer Balaji
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    FRM Level 1 Nov 2012 Feedback

    Bingo!!!! I too got 0.2%. Hope we both are right Balaji
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    FRM Level 1 Nov 2012 Feedback

    Yes, American Put is the right answer. Balaji
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    FRM Level 1 Nov 2012 Feedback

    Ohh no.....I actually thought that would be the case but I just went with Garp's explaination around the same. :( Balaji
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    FRM Level 1 Nov 2012 Feedback

    well....around 60 is what i am expecting. Cheers, Balaji
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    FRM Level 1 Nov 2012 Feedback

    I remember 1 more question on Coherent risk measures comparing both Var and ES. The options were deceptive as they mentioned Var (A+B)<= Var (A)+ Var (B) among the options. Clearly at the first glance we would go for this toption, however it is also mentioned to select the option that...
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    FRM Level 1 Nov 2012 Feedback

    By the way at around 40-60 problems I saw a spree of Ds, around 5-7 on a trot. Hope I didnt go wrong there:( Balaji
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    FRM Level 1 Nov 2012 Feedback

    In theory I would agree with you guys, but the question is practical and I totally agree with Garp's explaination that the Duration should infact be 15 years. The attachment I have provided in my above comments has Garp's explaination for the same. Cheers, Balaji
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    FRM Level 1 Nov 2012 Feedback

    Guys, check this attachement. This question is actually a 1998 FRM question in the similar lines and also refer to Garp's explaination provided below Cheers Balaji
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    FRM Level 1 Nov 2012 Feedback

    I agree to the explaination but realistically speaking The duration of a zero coupon bond is always equal to its maturity, regardless of whether it is callable. If the issuer calls a zero coupon bond, it will be for the purpose of retiring debt, not refunding at lower rates.
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    FRM Level 1 Nov 2012 Feedback

    Can someone remember the options given for the Baye's theorem (Fraud test) question?? I reckon I have guessed it but cant recollect the options. There is one for question regarding the duration of a callable bond maturing in 15 years and callable after 10 years. This answer still remains 15...
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