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I passed Level II, which I sat in Dublin, Ireland. Sincere thanks to David and the BT team. The key for me was having access to the varied range of exam preparation approaches/formats (including BT notes, spreadsheets, webinars, practice questions, forum etc), which helps to retain one's...

Hi David A (tardy) thank you for your detailed and clear reply from 25 May. Maurice

Hi David On this question, if we cannot use excel in the exam, can you remind us how this can be worked out long-hand. The below (using methodology from Jorion CD-ROM question 23 in Practice Credit Risk Exam) gets the answer of 29.4%, but this is using exponent of 1/12 for monthly, which...

Dear David, I am currently reviewing learning spreadsheet 6.d.1 (Merton Model) and have noticed that mu (rather than sigma) is in the denominator of the formula in cell E43 (and F43, G43, H43 and I43), which calculates the ‘d1’ value. Is this an error in the spreadsheet or am I missing...