Practice exams also had such questions where Up and Down moves were given and D was not equal to 1/U, so I took the increase and decrease that were given in the conditions - it clearly stated that it is expected to increase by 5% and decrease 10%.
Exam Feedback November 2019 Part 1 Exam Feedback
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Practice exams also had such questions where Up and Down moves were given and D was not equal to 1/U, so I took the increase and decrease that were given in the conditions - it clearly stated that it is expected to increase by 5% and decrease 10%.
Sixcarbs
Active Member
In the red book, I think they all had losses, so it was the one with the smallest loss, which was just a few pennies. I think it was the first or second. First comes to mind.
does maturity need to be taken into consideration?
I think the answer was B. I had blue book.
Sixcarbs
Active Member
I don't think so. It's just Conversion Factor (CF)xSettlement Price minus the Quoted Price. CFxSP is what the short will be paid, the Quoted Price is what it will cost him to acquire the bonds.
I think they were all positive losses.. B was the answer I guess
Naresh Nayak
New Member
Exactly settlementxCF is the cash received(inflow) and quoted price is the cash paid(outflow).os it can be either maximising the profit or minimising the loss. In The question as everything was loss we had to minimise the loss
Does anyone remember Crack spread question? And what was the answer for confidence interval <—> economic capital question
Yes I also remember marking B
Not just for the sake of keeping this thread alive, but what do you guys think the cut off score would be, especially in comparison to the May’ 19 exam and the ones prior to that as well..?
Personally, I cannot seem to guess how much I’d be scoring. A score of 60, I’d say...and this might not suffice..sadly!
Personally, I cannot seem to guess how much I’d be scoring. A score of 60, I’d say...and this might not suffice..sadly!
From what I've read, it comes down to the top 5% of scores, that'll probably determine what the minimum passing score will be. All we can do is speculate, no one can say with certainty. But the consensus view here and on other forum that I've visited is that the exam we had was lengthy and somewhat difficult. Taking that into consideration, I personally think a score of 60 should be sufficient to pass, maybe I'm being too optimistic
amit.m.sharma
Member
I passed part 1 last year in May. I had used only the GARP material then so didn’t have much practice. I had to blind guess in the last 5 questions as I was running out of time....assuming I got none of those right I was expecting a score of low 70s.
I believe GARP tries to be consistent with the exam difficulty level. What does change is the pool of candidates.
I believe GARP tries to be consistent with the exam difficulty level. What does change is the pool of candidates.
G
Guest 61086
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Interesting comment by Amit....I would be curious as to how GARP actually finalises the exam ie does it ask its members (under a NDA) to complete say a list of questions and from that a level of difficulty is determined and that then determines just which questions make it to the exam?
amit.m.sharma
Member
To clarify, I passed part 1 on the first try. Unfortunately, that's not the case with part 2. Having seen the part 2 exam more than once I would say the difficulty level is consistent.
In their webcast in the beginning of the year, couple of things stood out:
1. Anything in the GARP material is fair game.
2. There's a lot of statistical analysis done to determine who passes and who doesn't.
the cut-off is normally between 60% and 65% of correct answers. I passed too the I with no problem and struggling since then to pass II. Hopefully this time is the good one
Sixcarbs
Active Member
I think traditionally it is the first week of January, but I'm new to all of this.
on their site they says 2nd of January
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