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    Errors Found in Study Materials P1.T4. Valuation & Risk Models (OLD thread)

    Thanks David :)
  2. C

    Errors Found in Study Materials P1.T4. Valuation & Risk Models (OLD thread)

    Good day, David. On page 11 of chapter 2 study note you wrote: "VaR estimated using the delta-normal model tends to overestimate the probability of high option value and underestimate the probability of low option value, which leads to overestimation (underestimation) of the VaR for a short...
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