Studied for 2 months while on maternity leave, had no clue after the first round of reading. Did all of David's question, i through it's unnecessary difficult, but the exam is just as difficult. Thank you David and the team! David is always on the forum to answer questions, couldn't have passes...
Hi David,
for practice exam Q64, would the exam specify the shape of the smile? (e.g. heavy lift tail, lighter right tail). Or are we suppose to know the shape? if yes, could you please advise what's the correct shape of the volatility smile for each type of options? thank you!
64. A committee...
Pillar 3 required banks to disclose: A list of instrument comprising the bank's Tier 1 capital, just wondering, what other instrument is in Tire 1 capital, other than common stock and perferred stock.
the price of a four year zero coupon bond is 86, the price of a similar five year bond is 79.51. if we assume all rates are expressed er annum with semi-annual counpounding, which is nearest to the one-year implied forward rate from year four to year five.
d) 8%
the d(4) = 86/100, d(5) =...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.