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Passed :)

Totally agree last 20 questions were quite straight forward and simple. I believe the 96th question was from GARP code of conduct and since i was too stressed out, couldn't get myself to understand the question. My mind was all over the place. I guessed around 15 questions. Worst part is I left...

I found the exam to be too long. Each quant problem needed lengthy calculations to derive the answer. When I reached Qn 94, there was only 5 mins remaining.

Thanks @brian.field

Hi, Can someone tell me if P(A|B), where A and B are mutually exclusive events is '0' or 'A'

Thanks ShaktiRathore

Can someone tell me what an option free bond is? Just a general description would do, don't bother with formulas.

Hi, Can you advice why Part 1 T2 Miller notes are not available? as far as I know the material hasn't changed from last year.

lol ya sorry for being too general :)

Oh ok ok thanks

Thanks for the detailed explanation Jairam. Can you tell me how the average of sum of variance of error term becomes 1/Var(e(i)) Is there any generalization used here? that was my question.

Hi, Can someone explain me understand the below step If the portfolio were equally weighted, then the nonsystematic variance would be

Thanks @jairamjana I was just considering perfect hedge situation.

Thanks @jairamjana. I totally agree with you on scenario 1 but the reason I got confused with Scenario 2 is because at maturity the future price and spot price would converge and be the same so why hedge?

Hi all, Excerpt from notes: Consider two scenarios for a coffee producer that plans to sell 100 pounds of coffee on a future date: 1. To a key customer, the coffee producer promises to sell 100 pounds, on a date one year in the future, at $3.00 per pound. 2. To a key customer, the coffee...

Thanks David for clarifying.

Thanks Brian!

Hi all, Had this doubt while going through the below graph, Why is there a bend in the case of perfect negative correlation? When we substitute Ro = -1 in S.D formula we get two straight line equations so this bend shouldn't occur correct?