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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. I agree to de...thanks

Hi David, Can you please assist me in understanding why the correct answer for below question is $2.83 A portfolio consists of two loans of $1,000. There is no correlation between loans. There are only two outcomes for each loan with equal probability is a loan loss of $8 or $12. The...

Hi David, Got couple of questions on OAS: 1) Can you please explain the difference between Z spread & OAS? 2) Can you help me understand the inverse relationship between OAS & prepayment for Premium tranches and how it is helpful for investor holding them? Thanks Bharat

Not sure if you got an answer to this but the way I understand this is... Looking at the fig 21.2 in reverse order, when the rate decreases from 9% to 3%, the price of pass through (MBS) increases and price of IO decreases because as the rate falls, Mortgages begin to repay & cash flow for IO...

Hi Sir, I plan to register for Level II. The calendar above is not updated for Nov 10 exam. Can you please let me know what would be available for me if I register today & future calendar. Thanks