Search results

its a typo. it should say "un"certainty . I came up with the first line. I am not sure whether OAS is an exact representation of the pv of the required investor risk premium but it is certainly correlated with this factor. is there anything in particular that makes you dubious? If you...

Is there a BT video on FTAP? I keep getting lost in the notation. Does this theorem essentially say that if if you can specify all of the future values of an asset A in terms of asset B then arbitrage opportunities allow to price asset A based on the risk neutral probabilities embedded in...

Is the following statement accurate. ..OAS is the present value of the required investor risk premium for uncertainty not associated with prepayment. As this certainty grows so does OAS. OAS does account for some effects associated with interest rate volatility and prepayment since these are...

Passed. Ran out of time. Left 12-14 questions blank. No clock and poor strategy on my part. Didn't receive an e-mail. Not sure why? Kind of annoyed I scored Q2 on valuations. I learned a ton. all the way to Itos lema and brownian motion. Thanks BT.

thanks. is the pass score independent of the quartiles? do you have to be the top half for each subject to pass?

Ami, What does 1, 1, 2, 1 mean? Are these percentiles? I just took part 1 and have no idea what to expect for a result?

Did you read that the FRM is graded on a relative basis? I assumed that you had to get a 70% to pass.

I made the mistake of staying at the hotel exam site which was in downtown DC. There were constant fire engine calls from 2 to 4 in the morning. They said not to write in the book? I must have missed that instruction. I think garp should ask more questions on asset behavior to changing market...

Does garp only provide a pass/fail? Or will we get the actual questions and answers. Can you request your answers or booklet? The conference room had NO clock. If Garp won't let you wear an ordinary watch then they should supply a clock. I made a huge mistake. I decided to circle and come back...

Is there a simple rule for determining whether a roll trade would have positive or negative carry? For example, does a "normal contago" market result automatically result in a negative carry.

would a dividend payment impact the price of a European put?

I followed the link and didn't have the appropriate permissions to view the 2010-2014 practice exams. Can anyone post a link here? I am a BT subscriber so am not sure why I can't access the files. Thanks

I had another question on this one. Conceptually, does the BSM assume: 1. dividends are a risk free asset, 2. can be discounted using risk free return, 3. dividends will be instantaneously incorporated into a stock price 4. and that the stock price will subsequently grow at rate determined by...

I would like to understand the conceptual relationship between Mac and Mod Duration. Mac Duration is a weighted avg time to repayment. How does multiplying Mac D times (1/(1+y)) result in the percent change in bond price for a 100 bps change in yield (Mod D)? What are the units for the...