Search results

David, I passed Level 2. Thanks for all your support at BT. turtle2

I get today from "Eaxm Results" tab. FRM Exam Result Analysis We did not find your details in our Analysis Database. Should you require assistance please contact .(JavaScript must be enabled to view this email address). If you wish to try again please click here. turtle2

I think Bionic Turtle is the best resource for FRM examination preparation and learning. Turtle2

zcript, Yes, I did not write Nov 2010, L1 but you have excluded other ways of comparing the level of difficulty to May 2010, L1. Good luck to you all. Turtle2

I passed L1 in May 2010. It is my educated guess that cut off was higher than 70% absolute score in May 2010 L1. Turtle2

The Nov 2010 L1 exam does not seem to me any tougher than May 2010 L1 exam. I will judge L2 in Nov 2010 much tougher than L1 in May 2010. You seem to assume here that the cutoff is 70% of the avg of top 5% scores. No one is sure about this. It may be more than 70%. Turtle 2

I think May 2010 L1 was equally tough and in my opinion ( my guess ) 70% did not make it. Turtle2

I think May 2010 L1 was equally tough and if you scored ( my guess only ) 80% correct, you would have passed without any worries. I think top 5% might have been 95% at that time. I passed L1 in May 2010. Turtle2

David, Thanks. It is the same question about a child distribution within a parent distribution. Your diagram certainly helps. Thanks again. Turtle2

David, Q 20 in 2009 Annoted Practice exam has some previous discussion in http://forum.bionicturtle.com/viewthread/1401/ which is not accessible. Can you please explain the following if possible. Page 28 of 67 Full Exam II Sample Questions FRM 2009 =====================================...

David, Right, it depends on Mac Duration. Do we need to know how to calculate Mac Duration in exam given, T=10 and C= some value, using a closed form formula ? Can you please add the closed formula for Mac Duration in Market Formula Sheet for L2 ?. Should we assume modified durarion of 7 if...

David, If modified duration is 7 for 10 yr bond, then 10/7= 1.43 = (1+y/2). This implies a value of y=0.43*2= 0.86. Is this a valid assumption for 10 yr bond yield ? I would argue that 320,000 is a better answer. You need an unrealistic yield assumption of 86% for 381,000 (answer). Thanks...

David, This is a question from Sample FRM 2007 exam. Can you please explain why is the answer B ? I can not get this answer with the data provided, Hong Kong Shanghi Bank has entered into a repurchase agreement with a client where the client will sell a 10-year US treasury bond to the bank...

David, Your FRM 2010  LEVEL II (QUESTIONS 1-20) page 18-19, Can you please explain, SQRT(d.f./critical chi^2 @ 95%) * sample volatility < parameter volatility < SQRT(d.f./critical chi^2 @ 55%) * sample volatility Where did you get critical chi^2 @ 55% ( i.e why 55%, is it a typo ? Is it...

David, So, r(PA) = Theta(P) + beta(P)*r(B) - r(B) = Theta(P) + { beta(P)-1}* r(B) then Variance(PA) = variance(Theta(P)) + variance( {beta(P)-1}*r(B)) + 2*COV(Theta(P),{beta(P)-1} *r(B)), so on as you proceed to derive. Do you define beta(PA) as {beta(P) - 1} here ? I am also not...

David, On page 11 of 2010.8.a.Investment.pdf, r(PA) = r(P) - r(B), P=Portfolio, B= Benchmark, PA= Portfolio Active Return r(P) =Theta(P) + beta(P)*r(B) as defined earlier, Then r(PA) = Theta(P) + beta(P)*r(B) - r(B). The above is missing - r(B) term on page 11. Can you...

David, Thanks. May I know when will revised L2 Formula sheet be available ? Turtle2

David, Should FRM 2 not have access to some of the "practice questions" under How-to misclassifeid as FRM L1 only ? I have given a few examples below. There are other instances similar to these. Invest Risk Focus 05 May 2009 OpRisk Focus 04 May 2009 Credit Risk Focus 03 May 2009 Market Risk...

Suzanne, I just replied to one of your email from my gmail account which I used to register both for webinar and paid membership. Turtle2

David, I received email that I have been denied the request to join the webinar. Can you please reconsider ? Thanks. Turtle2