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    Exam Feedback November 2015 Part 1 FRM Exam Feedback

    passed with 1212 Thanks!
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    Why is chapter 26 of Hull not included in study notes and question set?

    Hi David, I just wonder why chapter 26 of Hull isn't included in study notes and question set.. Thanks
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    Why is the convenience yield (y) greater than the cost of carry (c) in backwardation?

    Hi Nicole, I notice that many practice question posts seem to be closed now. I was told that 'You have insufficient privileges to reply here'. So I have no choice but to ask in a new post...
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    Why is the convenience yield (y) greater than the cost of carry (c) in backwardation?

    150.1. If the forward curve for a consumption commodity exhibits backwardation, when should the short position in a futures contract elect to make physical delivery? a. It makes no difference when, as long as the short delivers within the allowable period b. The short does not have a choice as...
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    What is true yield?

    That's helpful. Thanks very much
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    Non-dividend-paying investment asset in cost of carry model

    That's really helpful. Thank you very much!
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    What is true yield?

    In the note, there is a comparison between true yield and discount rate. I wonder if true yield is YTM. Thanks a lot
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    Non-dividend-paying investment asset in cost of carry model

    Hey guys, When I read through the notes, I'm confused by one sentence: For a non-dividend-paying investment asset (i.e., an asset which has no storage cost) the cost of carry model says the Futures price is given by.... I guess when gold and silver are viewed as investment assets, storage...
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