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Passed L2!!! Thanks BT!!

I PASSED! winner winner chicken dinner

I read through all 4 GARP books first finished them about the first week of april. Left me about a month of Reviewing BT's notes and practice questions. During that time I had wished I spent less time reading the textbooks and more time on BT. I passed Part I but I would reccommend spending your...

Passed Part I!!!! Thanks for the help BT!

Well if it was regional your chances of passing may increase/decrease since its a smaller population of scores, but I just wanted a better idea of what passing really means and that the quantiles you are looking at is actually how you did globally

I thought I read earlier this week either somewhere on this forum or on GARP's website that the scoring was GARP took the top 5% scores and then judged your score relative to those to judge if you passed. I can't find where I read that and now I think maybe I dreamt it haha :confused: But my...

Ok great that makes sense now. I figured I was misreading the inputs in some way. Thanks for your help!

Question regarding: Study Notes R20.P1.T4.Tuckman_v3.1 Page 67 Greetings everyone. I hope this finds you all well in studying for the exam coming up. I was hoping someone could help me with a very simple concept of the regression hedge example found on page 67 with the section titled...

1) B 2) A 3) C 4) D 5) B

#1: B #2: C #3: D #4: C #5: B

Thank you for both of your responses. And I now understand that the basis must converge to zero over time So you will know based on the starting spot/future prices if the basis will be weakening or strengthening for your position

In GARP's FMP book pages 88-89 the basis risk is being explained. It talks about the strengthening (increase) of the basis and weakening (decrease) of the basis. It defines the basis as: Basis = Spot Price of asset to be hedged - Futures Price of contract used It later...

It's tough to say if you can/can't pass the Part I exam in May with not knowing your background knowledge on the subjects. There's about 11 weeks til the exam date and there's 4 main topics for Part I. For the average individual that has to work full time, if you haven't had any exposure to...

11.93% is the answer when you enter =CHIDIST(38.14, 29) into excel. If you are asking for the formula excel uses behind that function to produce 11.93 I am not sure, but for the exam you should be able to either use a CHIDIST() function on your calculator or use the chi-squared distribution...

Remember the FRM certification is still in its young stages and it will take some time for it to get the same recognition as the CFA it just needs to get its name out there. Most people who deal with the areas related to the FRM should have heard about the certification and if that area...

You should be able to know if you need to use a 1 tail or a two tail based on how the null hypothesis is set up. Ho: X = 0 and Ha: X != 0 (!= is not equal to) In your alternative hypothesis X could be greater than zero or less than zero (two sides of zero) and it would satisfy X not being...

Taking Part 1 in May as well. I have read through FRM readings and most of QA readings (Plan on finishing chapters 8,9,10 this week). i plan on starting the 3rd topic of readings next week and giving that ~ 4 weeks. Then the last topic of readings another 4 weeks. This timeline should give...

Hello, In the study notes "Risk Taking: A corporate Governance Approach" there is a formula for Cost of capital on page 8 Cost of Capital = COE × [E/(D+E)] + (Cost of Borrowing) × (1-t) × [E/(D+E)], the end part in bold, should this instead be [D/(D+E)] to get the percentage of Debt? Just...

I was wondering if anyone (BT staff or current/past FRM takers) had any thoughts on this suggested study plan (high level) for Part I There's 4 main parts for Part I exam. I was thinking about covering the topics in this order January - Foundations of Risk Management (already started covering...