I was reading the Stultz reading on Credit Derivatives and trying to replicate the same across excel.
One of the Stultz example has the following parameters:
Asset Value $ 120.00 S
Face Value of Debt $ 100.00 K
Time5 T
Risk Free Rate of Return10% r
Volatility20% Sigma
Return on Assets20%...
There are a few instances where the discounting method isn't given in the GARP practice paper. Is there an assumption which we can take. ( semi annual or continous)?
For eg if a duration based question is given and there are time to maturity and yields given for a zero coupon bond. As per our...
@David Harper CFA FRM
Hi David, I don't have access to the mocks since I ain't a paid member. I just read one of your replies on the forum stating that Bionic Turtle test prep material is a notch or two higher than the real test and pasted the same thing. Since I don't know the difficulty of...
FRM P1 is 5 days away and I am feeling the jitters.
Bionic Turtle mocks seem to be a notch or two above Schweser and GARP. Although I am content with my performance in GARP practice papers, the fear of the exam being excessively difficult and the myth of low pass rates for the may attempt is...
Looking forward to collaborate with enthusiastic, dedicated and cooperative L1 Candidates to form a discussion based study group while using mutual motivation to stay on track.
The group could act as:
1. A daily reminder to let you remember that you've taken up FRM L1 and to keep the study...
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