I consider 15 questions to be with 100% accuracy. So,
15+65*0.65 = 54 (remaining attempt with 65% accuracy)
15+65*0.6 = approx 51
15+65*0.5 = approx 47
15+65*0.4 = approx 41
15+65*0.3 = approx 35
This is how I think about my result.
We are talking about 1000 items in above! In above question 1484 is at 99.1 % item (i.e exceeding 99%) and so on till 100oth item 2833. So, last 10 number is take into consideration.
But you don't worry garp doesnt give close options in this case. You may still have chosen closely a right...
In my question paper there was only option which had "62.xx" the option 62.xx was not repeating otherwise I would have read it twice ... It was option B) 62.xx
Bad thing is that we only remember those questions in which we have good confidence and questions which are numeric in nature. The other qualitative questions were really tough and those questions will have high significance.
One more question which was mentioning critical value, test statistics and total exceeding values "20"
What was the answer is it A) Reject Critical value exceeding / higher than Test statistics or B) Reject Test statistics greater than critical value?
I am just recalling portfolio re-balancing / combination question for acheiving target VaR...I got answer as for combination portfolio as 62.xx
If anyone remembers that then pls confirm what was the correct choice?
Same here 8% .... question related to RAROC. Revenue - (60+x) - EL + EC revenue - Cost / EC = 15% that puts X% = 8%
Can anyone confirm bilateral netting problem ...I loosely chose C. 9 as the asnwer... I have doubt that it may be wrong.
You can look upon course providers for questions only. The core reading material must be read once or twice. No one comes to the level of BT in framing questions. Just solving BT and reading reference books would make lot of difference. GARP throughout remained assymetric in their difficulty...
They included ">= " while calculating ! I don't know simply why ? When they write in theory its average or expected value of increasing confidence level! The question you quoted that simply includes I believe !
Why banks will not issue CoCos ...reason Preference Share (cumulative or non cum) ) can reflect any best CoCo like feature ... If Banks want to issue CoCos because it's investors need then also the rating agencies will rate it like preference shares hence we see moreof preference capital in...
CoCos are like Mezzanine tranche which can behave like equity when firm value falling and behaves like debt when firm value is rising. Difference in Mezz and Cocos - Mezz tranch is certificate against underlying and CoCos are instruments directly issued by financial institutions or Banks
If you really asked that question to GARP ..then we must blame you for tough exam in Nov... :D so blame goes to David for asking uncomfortable question to GARP :DD
Bu
That can be true only if the question was talking about trade happening is set of existing portfolio balancing or rebalancing or additing more quantity weights ! If some independent trade was the point then surely incremental VaR is the answer. I chose Marginal VaR ... I am not remembering...
If portfolio P is isolated from A or B then answer should be incremental VaR ...but if A and B already in Portfolio P and question is asking to tell which will increase decrease or increase VaR then answer should be Marginal VaR. I hope this helps?
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