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I am on Cloud 9 !! I cracked all the four sections of FRM L-1 in Q1. I did not do that well on L-2.I stood Q2 in Market Risk, Q3 in Credit Risk & Risk Management and Investments, Q1 in Operational Risk and Q4 in current issues.I was worried about L2 but finally I scraped through that as well...

Compared to corporate default rate, sovereign default rate is : (a) significantly higher (b) higher (c) lower (d) some other option ... Governments have extra arm of defense against default that corporates don't have i.e. governments can print more money and meet their bond coupon or...

Thanks a lot David.

Thanks a lot David. BT rocks.

Hi David, In FRM handbook, it is given that the duration of the Floating Rate Note immediately after the rate adjust is zero and the duration in the intermediate period is time left till next rate readjustment. In other words, suppose the note readjusts the coupon based on LIBOR every six...

This question is from Phillipe Jorion's FRM handbook 5th edition page 21. This is also question 104 in FRM 2001. The question is as follows When the maturity of a plain coupon bond increases, its duration increases a. Indefinitely and regularly b. Up to a certain level c. Indefinitely...

Thanks a lot David. Your reply cleared my doubt. I always knew that BT offers the best coaching for FRM and now I experienced it first hand. Thanks Girish

This question is related to ‘concept checker’ question 4 in Schweser 2009 FRM notes page 98 of Book 2. The question is: "Use the following information to determine the value of the swap to the floating rate payer using the bond methodology. Assume we are at the floating rate reset date...