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  1. brian.field

    Win prizes for forum participation!!

    YES!!! Please send an amazon code. Thanks Brian
  2. brian.field

    General Instrument Queries

    These are good questions and not really beginner level questions. I would try to keep them in mind and continue your preparation. Many of the answers will come to you as you study.
  3. brian.field

    Course Study Plan Guide

    Read the GARP readings and supplement them with the BT Notes, BT Videos, and BT Questions. If you had exposure to finance already, I would suggest the BT materials only, but you could benefit from the GARP readings as well. This is the approach I took....
  4. brian.field

    Miller, Chapter 2 video: Probabilities

    This is a good question - read the assigned reading on binomial trees or the notes and it should provide an answer. Hint: There are two probabilities of an up move, the risk-neutral probability and the actual "true" probability.
  5. brian.field

    Win prizes for forum participation!!

    SWEEEEEET!!!! Please send an amazon code. Thank you
  6. brian.field

    Nervous is good! It means you are excited too!

    Nervous is good! It means you are excited too!
  7. brian.field

    Variance property question

    Oh man David - this is the good stuff!
  8. brian.field

    Delta-normal method to calculate VaR for Linear Derivatives

    Regarding the two positions, they are equivalent (I believe) as a result of put call parity for options on currencies. Recall Put-Call Parity is as follows: C(pounds, $, T) - P(pounds, $, T) = [ exchange rate (in $/pounds) ] * e^(r_pounds*T) - K * e^(r_dollars*T) where C(pounds, $, T)...
  9. brian.field

    Delta-normal method to calculate VaR for Linear Derivatives

    I never really understood this (delta-normal var) very well.
  10. brian.field

    They are a significant amount of the exam (and I would argue the most interesting!). Work...

    They are a significant amount of the exam (and I would argue the most interesting!). Work through em!
  11. brian.field

    No one ever talks about the ghost effect of the post pass body of knowledge! I can't remember...

    No one ever talks about the ghost effect of the post pass body of knowledge! I can't remember anything! :)
  12. brian.field

    it really can be overwhelming...just start with the study material and post questions as you...

    it really can be overwhelming...just start with the study material and post questions as you think of them. Very soon, you will be able to answer questions as often, if not more often, than you need to ask them! Best of luck!
  13. brian.field

    Variance property question

    Not a typo! It is a good question. Var(aX+bY) = (a^2)var(X) + (b^2)var(Y) so we know the following as well. Var(aX-bY) = (a^2)var(X) + ((-b)^2)var(Y)
  14. brian.field

    Bionomial Distribution

    I haven't verified the calculations but the logic is sound.
  15. brian.field

    How to Keep Loans Performing: Business Snapshot 2.3 Hull/RMFI

    Holy cow!!!!! @Deepak Chitnis - I never intended to dislike your post! Sorry about that!
  16. brian.field

    How to Keep Loans Performing: Business Snapshot 2.3 Hull/RMFI

    Examples of which would be Fannie Mae or Freddie Mac, among others.
  17. brian.field

    How to Keep Loans Performing: Business Snapshot 2.3 Hull/RMFI

    @Mkaim is the man!
  18. brian.field

    P1.T2. Miller Chapter 7 Questions

    1) Looking at the first Stock & Watson example (Pg 84) , why did we use 1.972 instead of 1.96 as the z value? The 1.972 is the exact number assuming a t distribution (in excel, it is =TINV(0.05,n-1) which is =TINV(0.05,199)) It really doesn't matter if you use t or z when dealing with n=200. If...
  19. brian.field

    We missed you!!!

    We missed you!!!
  20. brian.field

    Win prizes for forum participation!!

    Thanks Nicole! Welcome back! I hope you had a great vacation. Please send me an amazon code. Brian
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