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Thank you David and Suzanne for your help. I took level I and II on the same day and I passed both! I still can not believe I passed level II. For all of you attempting to take the exam, do David's practice questions. The additional questions to the question helped me passed level II with out...

One more qs out of my memory in which Comparitive advantage was given in a swap and in which the mediator is offering 10 basis point advnt to both the parties. Need to calculate how much is the mediator basis profit? I marked answer as 20 basis point since i subtract 10 basis for each side

I read the comments on about the level 2 exam but did not see more comments on level 1. The level 1 exam was long and with too many calculations. Having taken level 1 and 2, 80 questions in 4 hrs is doable. You have time to think and understand the poorly written questions. The questions were...

Thanks! As always very clear and explicit replays

I saw this question and can not understand the answer: Which of the following is true about stress testing? a) It is used to evaluate the potential impact on portfolio values of unlikely, although plausible, events or movements in a set of financial variables. b) It is a risk‐management...

On page 7 from the Oct 2nd, 2010 FRM Level 2 Webinar, it says: •9 exceptions: p = ~6.7% (3.6% ~N) ...Fail to reject @ 95% 2008 & 2009: Accept VaR model as good Looking at the table provided, the number 9 has a CDF of 96.9%, which is higher than the 95% confidence level. I am confused, why...

Founded. The graph is 17.8 Thanks

On answer for the questions 17.12 and 17.13, graph 15.8 is mentioned. Where can I find the graph?

Thank you! The spreadsheet helped me understand.

Hi, The answer states: The square root rule overstates when there is mean reversion in returns (i.e., negative autocorrelation). Therefore, the actual daily volatility is greater than (>) 4.89%. question: why is the actual daily vol greater? If the square root overstates the vol and 4.89%...