For those in Malaysia, I got a response from Garp that the FRM exam on 16January 2021,this Saturday, will be posponed to sometimes in May. We will be tested on 2021 syllabus.
Thank you @David Harper CFA FRM @Matthew Graves ! These are all very helpful in enhancing my understanding on forward rate. However, I still have one questions regarding the appropriate rate to calculate the cash flow in interest rates swap using FRA method.
In the example below, the forward...
I came across two different forward rate formula (Equation1 and 2 shown in attached screenshot). would like to know which formula is more “realistic“ and which to use in the exam. would appreciate if anyone can explain the differences too.
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