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Hi David, I hope you are fine. I downoladed the study guide from the GARP website and noticed that the following chapters in the operational risk part are marked as optional: “Basel II: International Convergence of Capital Measurement and Capital Standards: A Revised Framework— Comprehensive...

I put bootstrapping as well, when I saw "replacement" i thought it was the good answer

Hope so! thanks :)

How did you do the question on Bayes related to ratings? the probability that both BB and AAA defaulted, something like that... i calculated bayes for both and then did the sum of probabilities. I found that probability on one of the answers, but i'm pretty sure it was not the good way to do it.

I think it was a call option

Hi David, now it is clear. thanks a lot! Adele

Hi @David Harper CFA FRM , I hope you are doing well. I found a tricky question in other materials (than BT) and I found this question: An analyst gathered the following data about three stocks: Stock; Beta; Estimated Return A; 1.5; 15.0% B; 1.1; 15.7% C; 0.6; 14.2% If the risk-free rate is...