Search results

My 'screen name', in account settings, was always 'de'; even before the recent site change. Perhaps it was having to retype my original password that forced the 'screen name' to take effect on the new site, it used to show as 'de' on the old site.

... and the solution is to force a change by; changing your password... (now all posts appearing as 'de', as they used to).

My screen name on recent posts (last 5-mins) is not the 'name' shown on the account settings page (which is my initials, only)....

I did smile when I saw that one; in my work we do regularly review Herfindahl-based risk measures (as a measure of risk concentration) but hadn't remembered seeing it in the Basel readings... so I also guessed.

I was pretty aggressive in skipping difficult questions; left 26 out of 80 on the first pass. Of the ones I remember struggling with on the second pass: - 2 MBS, low yield but 30% CPR (price 104), 2'nd high yield by 15% CPR (price 90): what change in CPR would increase prices on each bond. 4...

Going by the comments here I'm pretty certain now that at least the questions came in different order for different people; my Q2 was the 7yr bond vs 3m Tsy Futures curve shift, and Q100 was variance of log-normal stock price. But I haven't heard anyone describe a question I didn't get?

Given a random set of responses will score 25, the pass mark will be well above 50; at least 65 and, given the recent high failure rate, more likely ~75. Such were the morbid thoughts running through my mind last night...

On the UL question; my thought was that GARP had used Exposure = $10mm. Either from the unadjusted Drawn amount, or "Commitment - (Drawn + UGD * Undrawn)", both giving UL=649,335 / 2 On the variance of a log-normal stock price (average return = 6%, volatility of return = 12%) in 2-years...

This question also caused me problems however, in retrospect, it is more straight forward than the sample answer makes out. All that must be remembered to answer the question is that E[] is equivalent to 'mean' and then to evaluate each of A-D to determine which one holds true. So...

David, a couple more clarifications please: p121 - in the section "persistence is = (b+c) or (alpha-1+beta)"; can you elaborate on where the term (alpha-1+beta) comes from p125 - in the formula for Lv, you have 1-alpha+beta; should this be 1-alpha-beta as on p104/105?

In the 2011 Study Notes, p18 Multivariate, bullet 3: Independence => Zero-correlation, but not vice-versa? Standard Normal Distribution: for the critical values, I find this table more intuitive: two-tailed one-tailed Critical Value 68% 84% 1.00 90% 95% 1.65...

Personally I'd prefer you prioritize completion of the videos and study notes as-per the study calendar schedule. That said, having all question/annotations in a single document is much easier to work from than going through the forum. regards, Donald.