Bilal Ehsan
Member
You are right i believe. What was the exact question....i dont remember exactly which option i choose among funding liquidity.
Hello @Stella GI was under the same impression and this was what happened in London but then how is it possible for other countries to have had a wall clock in the actual exam room?? I think this is not fair game so was wondering if anyone could advise on any formal policy that GARP might have released regarding this. Maybe @David Harper CFA FRM or @Nicole Seaman would be the best persons to assist.
I`m confused now. is that a 100%?It was frown not smile as the question stated big price moves in a merger
I got confused with the hedging question I chose the one that had basis risk and market risk. The person was cross-hedging so I thought there must be basis risk present and there was only one choice that included basis risk which was (basis risk and market risk)You are right i believe. What was the exact question....i dont remember exactly which option i choose among funding liquidity.
Same hereI got confused with the hedging question I chose the one that had basis risk and market risk. The person was cross-hedging so I thought there must be basis risk present and there was only one choice that included basis risk which was (basis risk and market risk)
Thanks it's interesting how recollections vary, assuming everyone is referring to the same question (and not two different questions). In this case, I agree with @Navneet02: the correct answer is (almost certainly) a frown, not a smile. I still completely empathize with anybody who selected smile, however, due to the fact that "jump risk" is more realistic and implies heavy-tail. But this Q&A situation of a stock "jumping" to either +X% or -Y% is a one-step binomial and (consistent with Hull 20.8) the (returns-based) kurtosis is less than 3.0 for any reasonable p; specifically if p*(1-p) > 1/6 then excess kurtosis < 0, then kurtosis is less than 3 (see https://en.wikipedia.org/wiki/Bernoulli_distribution and solve for excess kurtosis = o). In short, most binomials are light-tailed, but "jump risk" is a much broader, realistic and versatile dynamic than a one-step binomial.If I remember correctly, the question was about a merging of a company taking place in a few days. The price of the stock was expected to either increase by X% or decrease by Y%.
Thanks it's interesting how recollections vary, assuming everyone is referring to the same question (and not two different questions). In this case, I agree with @Navneet02: the correct answer is (almost certainly) a frown, not a smile. I still completely empathize with anybody who selected smile, however, due to the fact that "jump risk" is more realistic and implies heavy-tail. But this Q&A situation of a stock "jumping" to either +X% or -Y% is a one-step binomial and (consistent with Hull 20.8) the (returns-based) kurtosis is less than 3.0 for any reasonable p; specifically if p*(1-p) > 1/6 then excess kurtosis < 0, then kurtosis is less than 3 (see https://en.wikipedia.org/wiki/Bernoulli_distribution and solve for excess kurtosis = o). In short, most binomials are light-tailed, but "jump risk" is a much broader, realistic and versatile dynamic than a one-step binomial.
Something similar happened here in Delhi, India. The proctor instructed us to seal the questionnaire, while keeping the ORS sheet (answer key) out and handing over separately. I wonder if this is the way it was supposed to be done. I even asked the proctor, specifically, if the answer sheet was supposed to be left outside, unsealed, to which he insisted on his previous instruction. Can anyone please help me understand?What is GARPs rules on talking about the exam? We had to sign something about not talking about receiving information about the exam before starting - and now I just realized I never signed! My proctors were very specific about what to do and they never said to sign the front of our exam. I specifically remember this because the guy beside me signed his right away and the proctor yelled at him.
I remember in part 1 we finished, sealed our exam and then signed it but this did not happen in Toronto [edit: for part II]
Hello @Stella G
It is my understanding that wall clocks are not to be present in the exam room, and that the proctor of the exam announces the time remaining at specific times. The best place to find an accurate answer as to whether any exam sites did, in fact, have a wall clock would be through GARP member services. They can also explain their exact policies regarding this. You can contact them via email at [email protected] or telephone +1 201-719-7210.
Thank you,
Nicole
I think that the cut-off is around 48If I answered 40 questions correctly, is it enough to pass? questions from Hong Kong candidate.
I think it may be too high for for the cut-off 60%. I guess the cut-off will be 50%.I think that the cut-off is around 48
Hello @Stella G
It is my understanding that wall clocks are not to be present in the exam room, and that the proctor of the exam announces the time remaining at specific times. The best place to find an accurate answer as to whether any exam sites did, in fact, have a wall clock would be through GARP member services. They can also explain their exact policies regarding this. You can contact them via email at [email protected] or telephone +1 201-719-7210.
Thank you,
Nicole
Well, I can confirm that there was a wall clock at my centre in Delhi, India, on both, part 1 (Nov 2017) and part 2 (May 2018) exams. Can't comment on the actual policy though.
Hello @Stella GThanks for sharing your opinion @Nicole Seaman, much appreciated. I will definitely follow your advice.
Something similar happened here in Delhi, India. The proctor instructed us to seal the questionnaire, while keeping the ORS sheet (answer key) out and handing over separately. I wonder if this is the way it was supposed to be done. I even asked the proctor, specifically, if the answer sheet was supposed to be left outside, unsealed, to which he insisted on his previous instruction. Can anyone please help me understand?
There were 2 questions on cecl and ifrs 9, one regarding the difference in the standard and the other on using past performance,current and future factors to model lifetime loss, one on Random forest , one on clustering in relation to fraud, one on institutional culture regarding AIG,LTC etc, one on artificial intelligence, that's all I can remember regarding current issues,
Hi @oldfedHello. Good week-end to everybody.
Can anyone can inform me on a GARP policy?
If one has to re-take (hope it will not happen) the exam in november, do the the GARP material (including current issues) stay the same during the calendar year or are the modifications in chapters semi-annual?