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Hello friend

In P2.T5.67 Mapping Options, question 67.1 notes being "short cash (e.g., USD Bill)" in the question and answer. I recall reviewing this for part 1 but I'm now confusing myself on what exactly being "short cash" means economically. Can anyone please explain this to me? Is being short...

Fund value * Active risk * deviate Seems pretty straight forward actually.

Hello - the above link doesnt' seem to work, is it somewhere else in the forum or online? Maybe more importantly, is this something we need to know for the exam? It is mentioned in the following AIM, but I'm not sure how in depth we need to get: "Explain how VaR can be used as a...

Thanks Nicole and Brian!

Hi - I was just curious if BT's study planner for 2015 has removed any videos and notes that are no longer relevant from 2014. I'm sure there is some overlap and it's not so "black and white" as my question may seem. Hopefully this question makes sense. Thanks, Ryan

I am also looking for a study group in NYC (or NJ if accessible by the PATH train) for FRM Level 2. Ryan

Also passed part 1 ! thank you David and BT Team :)

These definitely took me longer than 12-15, and as suspected, its because I'm not yet comfortable with some of the basic concepts. I want the "eyeball" intuition you speak of. Looking forward to more discussion Friday. I got the same answers as Abhinav.

Makes perfect sense. So far so good on numbers 2 and 3, but questions 3 and 4 are the types that are sticking points for me! I don't know why I'm struggling, but I'm going to buckle down on these. Thanks for this David.

Absolutely this sounds great. Thank you!

Thanks Irena

David et al, This may be a very broad question, but I'm finding myself struggling in some key areas for fixed income. I'd like to get much more comfortable with the following over the next 4 weeks prior to exam date. The general theme for me is relationships between different variables...

It's unclear to me when to use a FV of 1000 or 100 when calculating the value of a bond. I feel I've come across different examples where the question requires you to use one or the other, but it's not given up front. Is there a way to know which to use? Hopefully my question is clear...

Thank you v much David

Hi David, can you provide an updated link to these? Current links lead to an error. "1. Yes, under the scope of Level 1 * Sub-Additive (qualitative concept only) * delta normal VaR and time horizons and, VaR of an Equity Portfolio (so, yes, I would be definitely be prepared for basic VaR...

What is the (model) price of a 10-year $1,000 face value bond with a coupon rate of 4.0% that pays annually, if the yield is 6.0%? sorry, is the answer to the question somewhere? I got -$852.80

from above, these links appear to no longer work. Can these be udpated? inks here from ajsa's related query: http://forum.bionicturtle.com/viewthread/1670/ here somebody submitted a delta-gamma query example: http://forum.bionicturtle.com/viewthread/1840/ Thanks, Ryan

Thanks David, appreciate the fast response. I was not plugging my d1 and d2 values into the Z table to get the N(d1) and N(d2) probabilities. What is not frustrating is I'm failing to make the connection of calculating the first part (d1 and d2) to why I need to plug these numbers into a...

I'm going crazy trying to understand what I'm not doing right here, and I think it's my unfamiliarity with using or understanding Black Scholes model. But anyway, would appreciate if anyone can help. In the first paragraph under the subsection "Nonlinear Derivatives" Allen gives an example...