After the exam I was like no way I am gonna clear this.. Once I saw result as pass was expecting 1,1,1,1 :p then quartiles came as 3,4,2,2 :rolleyes:. Looks like I am one of those lucky ones who barely scraped through. Happy that I crossed the line :)
Frm part 1 is divided into 4 broad topics:-
1) Foundations of risk management
2) Quantitative analysis
3) Financial markets and products
4) valuation and risk management
When we get part 1 results apart from mentioning pass/fail GARP tells us which quartile we belonged to in each of these...
It was - 96000 vega not sure gamma - 1200 something... Two options were 0.8 gamma, 15 vega and 0.4 gamma, 30 vega.. So 3200 of second option would have neutralised vega but it would have increased gamma.. So we needed to use combination of two options ..
Weren't we supposed to make it vega and gamma neutral before making it delta neutral?
So answer shouldn't be 3200 I guess.. I couldn't solve it but I thought definitely not 3200..
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