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Maybe, but if the exam is to go ahead then I dont see why an individual should not attend,HK is a good example, the last two exams have been cancelled.

Its correct,the exam site is next to the airport

Hi, I have a question concerning the treatment of continuous dividends vs discrete dividends within the BSM option pricing model. For continuous dividends, they will accounted for within the call formula as So * e-qt.....and conversely with the put formula as well. However with discrete...

Personally, I am still studying until my site is impacted...but I have a question, does anybody think that at some point that with so many exam sites cancelled that GARP will simply say that there is now an insufficient number of exam sites to produce standardised results and therefore the...

MTL?

If enough sites are cancelled then they will probably cancel the entire exam for October

Yes I know...it sucks. I suspect other sites will be impacted as well.

Jash, if it came from GARP then its true (its also being reported on LinkedIn..with respect to BT all Nicole can do is to confirm the same thing.

You should not be expecting GARP to be totally on top of this at all...in Hong Kong when the November 2019 exam was to be held..GARP advised students that on the Wednesday before the exam that it was going ahead as planned..then two days later overturned this decision and cancelled the exam in...

yep..i have made the same point some time ago and got scolded for it

Thanks David, I will start the GARP exams soon.

Hi, I have currently completing some practice exams provided by Kaplan Schweser, and one of the questions states, ..."Note that on the exam, you will not have access to z-tables, so you would have to reason this one out using the normal distribution approximations"...I was of the understanding...

Thanks David, my initial understanding of the SML morphing into the CML was therefore incorrect, thankyou for clearing it up.

I If the premium is deferred then yes, there will be CCR, and potential MTM revaluation issues

Interesting thread...what is the significance of the netting set and would this sold option potentially invoke wrong way risk?

Thankyou David, its always been something of a mystery how the SML morphs into the CML, now I know. I do have a question however concerning points along the CML to the right and left of the point of tangency ie market portfolio. In another of your videos on this point you make the comment that...

Thanks David, it always helps to visualise the problem and this is where the tree and the matrix comes in handy. What I wasn't understanding was that the denominator is considered as the unconditional probability so it now makes sense to calculate the denominator the way it was, whereas Bayes is...

Hi David, I have a question concerning an old video on YT concerning the Bayes Theory. The YT link is here, , my question concerns how you have arrived at the values in the formula, specifically the values in the denominator of P(U). In the formula, you have: P(G/U) = P(U/G) * P(G) / P(U)...

Thanks again David, its clear now. I have been using the spreadsheet for American style options as well to corroborate my own attempts and it works, so the penny has successfully dropped. Thanks

Thanks David again, I wasn't expecting a thorough response. One more question: 1. To arrive at the option value $4.511, in your spreadsheet, you have only included the values at the 0.25 time step only, and not the $13.070 value, is this because of backward induction ie valuing the option...