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    Exam Feedback FRM Part 2 (May 2015) Exam Feedback

    Agree, spent too much time on this question as well. 100m was total VAR budget not p-lio value. It took me a few min to realize that the question was asking for p-lio value allocation based on the data given not VAR allocation. 1) calculate p-lio VAR % 2) calc total p-lio value VAR = QxZxV 3)...
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