I passed with 1,1,1,1,1,1. Thank you @David Harper CFA FRM. I owe you. I love your way of explanations of materials. I love your voice. I love your face. I love .....love... love...
Hi David, I got confused by the concept Z-spread and OAS.
When a call option is added to a bond, since it is not favorable to the bond buyer, they would require more spread (which is the OAS) for this instrument in order to get more discount on the bond price.
So to me, Z spread should be less...
Hi David,
Could you please explain why in default, CVA converge to exposure of transaction, WHICH MAY BE ZERO?
I will be so appreciate if you explain the figure in the attached file,too.
thanks
Hi David and Nicole, I have a question. I want some clarity. I am going to sit for may 2021 exam(level 2). I want to know about the probable changes in materials. As we know, CFA exam's materials for 2021 is not going to be changed. Is it possible that GARP announce any changes in materials?
Hello David
in video you explained Unexpected weakening (strengthening) of basis risk in the scenario of contango.
could you help me to understand what will happen in the scenario of backwardation?
Hello David
There is a typo in video of exotic options
European call option= long-asset-or-nothing call + short cash-or-nothing call
European put option= long-cash-or-nothing put+ short asset-or-nothing put
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