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IMO, if you attempt to pass part 1 and part 2 on the same exam window it is possible to register for both part. Nevertheless, you cannot register for part 2 in another window period without having passed part 1 first (your case precisely)

Great thread ! Thanks @David Harper CFA FRM

Edit : The dashboard just go back to normal

I got the same update, I think it is normal do not worry too much (I also received my confirmation mail by PSI as I am due to pass the exam on May 19th). Just relax and do your best on exam day!

I have written an email to garp yesterday, they reply today (very quick answer) ... I had received my ticket when I registered for the exam to my personal mail box with the title "Thank youk you for scheduling your Financial Risk Manager Part 1 Exam with PSI" ..... all candidate must print this...

For those who can pass the exam, have you received the admission ticket mail .... I did not receive anything for the moment .. (@Nicole Seaman I do not know if this is the good thread to post this message)

VBA and R (or Python)

Hi again, I will not elaborate too much for this one but I think that your doubt is linked to the understanding of the concept of risk neutrality... also called no arbitrage condition. When you learn in the textbook the following equation (assuming continuous compounding as per Hull) ...

You observe fat tails in a distribution most likely when unconditional distribution of returns is not normally shaped and you conditionally assume the returns are normal (you inputs mean and volatility parameters as being true). That is, you assume about 99.7% of all variations falls within...

Hi, I hope I can help you on this one -> when you buy a eurodollar contract, you gain when rate decreases -> when you sell a eurodollar contract, you gain when rate increases But, as every derivative, you understand its utility if you know what it is used for... that is, what does a...

Yes as you mention, For the first point, on the left of the point M, you are lending money. Maybe your confusion is on the use of the term "lending". Why do I lend money if I invest my money in two securities (riskfree and risky)?. Well, as I see it, when you invest your money in riskfree...

Consider a world where you can only invest in two securities. 1) The riskfree security yields the riskfree rate (for example a treasury bill) 2) A risky security which yields the market portfolio returns. Market portfolio is a portfolio consisting of a weighted sum of every asset in the market...

Maybe somekind of modified "bionic turtle" ... your unknown competitor :cool:

Focus on BT questions

Until I had to go out, I did feel the exam was very straightforward

It was simple, you just had to take the upper node option value with the upward neutral probability and discount it (and do this process 2 times)... from what I recall there was no need to take the intrinsic value that could have been obtained from exercising the american option. Additionally...

You are talking about the American option (from the red booklet)?

I fully agree on this statement, I have read that the exam was very hard, no enough time and so on... Frankly I believe if one put the time (really, not just 2 or 3 months of light study) 1) you crush the exam 2) you learn above and beyond what is represented in the learning objectives. Risks...