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Received mine today - pretty nice certificates!

cool! congrats! Where are you located?

GARP states on their website that certificates themsselves would be sent out on September 30, 2016.....so, if you don't receive it in the next week or two, I would contact GARP. I have not received mine either and I am fairly close to New Jersey (where GARP is headquartered and from where, I...

http://www.zerohedge.com/news/2016-10-02/some-deutsche-bank-clients-unable-access-cash-due-it-outage Right......

Thanks Nicole - love to new last name! :) I'd love an Amazon code please. Best, Brian

http://www.zerohedge.com/news/2016-09-29/run-begins-deutsche-bank-hedge-fund-clients-cut-collateral-exposure

FRM Certificates will be sent out on September 30!

Thanks Nicole! Please send an amazon code.

http://www.cisionpoint.com/Detail/NewsItem.cp/17068578640 American Banker Fed's Stress Tests Are Illegal, Industry Group Claims Byline: John Heltman

and my quoted post here proves that my earlier post was wrong since B is not an assumption of BS! Maybe I should read my posts before I post them! ;)

@David Harper CFA FRM - can you clarify what you interpret as the question's correct answer? It is a bit unclear to me and I suspect it may be to others as well. Thanks!

The question expcitlty asks for which of the options IS an assumption of B-S. D is clearly not an assumption of B-S. Since the price of a bond converges to pare at maturity, the volatility must diminish. THis is something that makes equilibrium models such as Cox Ingersoll and Vasicek...

The fact that we are looking at government bonds makes this a tricky question. When considering stocks, I think A and C would be considered assumptions of Black-Scholes. Stock Prices are assumed to normally distributed (recall the ln(St/S0) is assumed to be normal and so, St/So assumed to be...

We are talking about default correlation of the underlying assets. Equity value increases as correlation increases. The highest rated tranche, or senior tranche, is the opposite; as correlation increases, its value decreases. The mezzanine tranche can exhibit either behavior.

I think it is such a good idea and a great way to keep folks engaged! I will take an amazon gift card code please. thank you!

YES!!! Please send an amazon code. Thanks Brian

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.

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....