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    P1.T2.305. Minimum variance hedge (Miller)

    Hi @David Harper CFA FRM I wasn't sure where to put this question since it's related to instruction video slides, I apologies if it caused inconvenience. But I haven't really understood the concept of using Price relative formula & LN daily return. Can you please put in some explanation to this...
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    P1.T2.20.2. More probabilities and Bayes rule

    Hi @David Harper CFA FRM Can you give more explanation to the example in the study notes of Probabilities, I have highlighted my doubts in yellow. :) I don't understand on 39.13*75(which is conditional beats of first year?) Thanks Navjyot
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    CAPM - Formulation for CAPM

    Hey guys, Though I might sound stupid, but can you please put in more light to the statement that market portfolio must have a beta of 1. Though I understand that any individual investor as per CAPM will have identical portfolios but there respective portfolio will vary as per their risk...
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