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Passed, thank you BT!

For the Vasicek, i got sth like 1.73? But the choice was 1.74? Or the reverse...

Think it asked for VaRp? Sth like choosing which to combine with the existing will yield the lowest VaRp and the VaRp value?

Just to recall, there was one question on the Vasicek I could not get the exact figure per the choices, think the 3-months rate conversion plays a key role in this Q, otherwise it’s a simple Q. Anyone confident about this Q? There was another Q on risk budgeting using VaR where returns and vols...

Hi clement, For the Merton model question, I think it asked for equity value, so I went for the discounted F, coz it was Ke-rt*N(d2) in BSM. Thanks.

Agreed

Not sure if its just me, but for the wordy questions with mixed choices from different areas, i don’t think its necessary to go through the wordy intro at all, i went straight for the choices and imo, they were easily distinguishable. For the toughness of the entire exam, it was tough...

Hi I think for the Castagna example it is a round way trip? so the asset is bought now and sold later? A buy/sellback transaction? So when you buy it TSAA increases, TSECCF decreases by the amount and TSLGC/TSCLGC is increased/decreased due to AS? (not sure about whether it’s increase or...

I’m having trouble with the amount of acronyms in this reading..In the Hull, Malz, and Rose readings, the terminologies used are all similar and the wording is quite straight forward, things in this reading could just be explained with a more straight forward language imo...

Hi BT, I’m working with both BT and Kaplan on PART 2, since BT does not provide material on the Malz readings, I could only rely on Kaplan since I have not purchased the core reading. Unsure about the actual book, but in Kaplan 2019(yes still using the 2019 as nothing 2020 is available yet…)...