garp16-p2-8

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    GARP.FRM.PQ.P2 asset vs liability (garp16-p2-8)

    Hi David, Could you kindly have a look at question #8 in the 2016 FRM Part II Practice Exam and tell me whether answer c is truly correct? I think is that surplus change should be -650*40%-320*1.8%*13 because the bond value will increase as the government cut the interest rate (asset decreases...
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