I think that you missed an opportunity to help someone in need, for zero cost on your side.
I agree with the above comment that "then lend him the older one and keep the new to yourself".
I think we have a different view of the world, things that for you are considered "unprofessional" for...
David, one thought about what "Bill the FRM" told you that "the results were not posted in the website already" My interpretation by reading in between lines is that he meant that the results are not available for the public to see (i.e. when you click on "exam results" icon).
My guess is...
If the system says you passed level 2, that can only be if you passed level 1 also
Statement: PASS LEVEL 2 ONLY IF YOU PASS LEVEL 1 (see GARPS website for further clarification)
Fact: GIVEN THAT YOU PASSED LEVEL 2,
Conclusion: THAT CAN ONLY BE TRUE IF YOU PASSED LEVEL 1
MEANS that you...
alankarghosh I took the test in NY. Maybe Im confused with the Backtesting question as I also took part 2
PS I also work for HSBC !!! I will send you a message right now !
oh! ok, thanks ! I thought i could find the answer because of that trick. I also spent a lot of time with that question and as it was on the beggining it compromised a little bit my time schedule for the rest of the exam!
The trick in that question was that the vol figures were given ANNUALIZED and they were asking for the ONE DAY VaR, so you should scale both VaRs vols by the root of time. I think that's what they were really testing.
Hi, I prepared this long email for a friend telling him a little bit of what was asked in the PART 1 exam. I also took part 2, so if anyone is interested I can writtte what was asked there too. I think this kind of sharing is very important as the exam is very wide so you have to concentrate in...
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