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Gave my first shot at both parts on the same day and I am happy I did so. Part 1: 1,1,1,1 Part 2: 1,1,1,1,1 Congrats to everyone who passed and best wishes to anyone who will sit for the exam in November.

Maybe because the official results are scheduled for tomorrow. Who knows... As far as I read threads on previous years' exams, weird things always happen on their webpage around the day for exam results.

Yes, it disappeared. Good thing that I saved my performance analysis results :) Gave my first shot at both parts on the same day and I am happy I did so. Part 1: 1,1,1,1 Part 2: 1,1,1,1,1 Congrats to everyone who passed and best wishes to anyone who will sit for the exam in November.

Results are out fellas!

Part 2 results are out as well. Cleared both levels on the same day. Good day today.

Result for Part 1 is out but still waiting for Part 2. Can anyone see Part 2 results?

I see too! Results are out!

Your statement is correct. I was trying to refer to this: "The concept of modified duration can be applied to interest-rate sensitive instruments with non-fixed cash flows, and can thus be applied to a wider range of instruments than can Macaulay duration. Modified duration is used more than...

Modified duration should always be less than Macaulay duration since: Modified = Macaulay / [1+ (YTM/n)] where n= number of coupon periods in a year. However, they will be very close. The difference between the two is that Macaulay duration assumes that bond cash flows are fixed. Modified...

I agree that CFA L2 is much easier and not tricky at all. I never had an exam like FRM Part1 that left me without an idea whether I'd pass or fail. Part 2 is a fair exam though.

I have to correct a couple things in my previous post: Market went from backwardation to contango (futures price > spot price): They sold oil through selling long-term forward contracts. This means that the company would have to buy oil to deliver at some point so they bought short-term...

Hi LloydDagdag, VaR is used to measure the market risk of a portfolio. PFE, as David mentioned, is used to measure the maximum potential loss in the case of credit events. Number of credit events are too few in a given time period compared to market events, meaning that number of exceptions...

Yes, Mettalgesellschaft was short the long-term oil futures and in order to hedge the position they went long the short-term oil futures and applied a stack and roll strategy. Their strategy became insolvent because market went into backwardation, meaning that short-term futures that they have...

Looking at the historical pass rates, GARP may increase the pass rate for Part 1 and decrease it for Part 2. In my opinion Part 2 was fairly easy so the cutoff may be high and pass rates can be low. I don't know if the Part 1 exam this May was more difficult than the previous exam because I am a...

I agree with Boxbro and shlobb13. The Schweser notes on repeated readings from previous years were really good. Some new readings were not sufficient so I often had to resort to the original readings for those chapters. Schweser practice exams were not as nearly difficult as the real exam. Qbank...

Hope you're right Sidewinder... Besides the tricky questions, the easy questions were designed in a way that the calculations were time consuming.