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FRM level 2 Passed with 1,1,1,2,1. Thank you @David Harper CFA FRM and @Nicole Seaman for being a constant support throughout the journey!

3,1,1,1 Passed! Thank you @David Harper CFA FRM , without you and the forum's support, it was an impossible task!

Hi @David Harper CFA FRM I think there is a mistake here, The bond price therefore will be unchanged if if PV(F, year 5) = PV(c*F, year 5) + PV(F, year 6) Shouldnt it be ? The bond price therefore will be unchanged if if PV(F, year 5) = PV(c*F, year 6) + PV(F, year 6) Sorry about...

Hi Rolme I dont know if I am thinking in the right direction but if the interest rate spread rises, hence the monthly payments increase, the outstanding principle will reduce more and hence its present value which was discounted previously at a lower fixed rate than the one at present will...

Thank you David for the great explanations!

Hi David I have a few questions: Q1. Basis risk of a commodity = b= S0- F0 A farmer who, by taking short position in futures on his corn to hedge (his naturally long position) is benefited by which one from the 2 options below? 1. strengthening of the basis or weakening of the basis? 2. Flat...