Passed. 36 yrs old. Now have CFM / CFA / CFP / FRM .... done with studying !!!!!
Thank you to everyone on this foruma and special thanks to David for the fantastic help provided!
I know this is probably posted everywhere on GARP's website, but with my usual laziness it is easier to ask.... do you happen to know what date they are releasing the results so I can just be home alone with my buddy Johnny Walker.....
Oh well.... I guess it shows that for those who did prep properly, the tree does bear the fruit.... I did not prep nearly as much as I should have and let me tell you I frankly found it brutal. I can honnestly say I counted on one hand the number of questions I was very confident answering...
It's because he was a thelepatic genius. You did not see he was in fact mentally controlling his pencil to write a perfect score while day dreaming about the theory of black holes.
Okay.... one last thing on my part.... if this is like the CFA, then it's on a curve anyway.... so too many candidates scoring well = pretty high passing threshold!!!!
Thank you! I envy you guys being done with this.... I am in my office struggling to retain some concepts while there are constructions right next door driving me completely nuts....
Cool, thx. Well, if I have some spare time, there is a good dinner not too far from the exam center. Might stop by to have a bite. They are also playing the avengers in the local theather, so probably will also sneak that in the meantime. And then only if I truly have some more spare time, then...
Los Angeles.
I know I will be in a different boat because I do not feel as prepared for Part II than I was for Part I. I definitely do not feel I put the necessary amount of time (also give the shorter time period between getting results from P1 and then studying for P2....). So definitely not...
Okay now.... you can't make me feel too confident... keep me on my toes, tell me it was brutal so then I am pleasantly surprised and not the other way around! ;)
Hello,
Was wondering if anyone already went through Q.#12 of the 2012 GARP practice exam (Part II)? When calculating total risk-weighted assets, why is the sum of CRm & CRo multiplied by a factor of 12.5?
Thank you,
Thank you Kader for taking the time to answer. I have to say that those capital requirements things are not my most comfortable zone..... your answer is very helpful. Thank you.
Hello,
It seems like in some of the material, ES is calculated using ranked historical VaR and using n-1 (observations beyond the confidence interval) observations to calculate ES and in some other GARP questiosn they simply use n ranked observations (observations including confidence...
Hello Mr. Harper! Good to hear from you again. You helped me tremendously for Part I and I am sure glad to see you around for Part II again. Yes, the bid-ask spread data was for historical mean and volatility. Just got lazy typing.....
Thank you for the great explanation. This is a wake up...
Hello,
Came accrosss following GARP question from 2009:
You are holding 100 shares at USD 50. Daily historical mean and volatility of returns are 1% and 2%. Bid-ask spread daily historical volatility is 0.5% and 1%. Calculate daily LVAR at 99%
Answser:
VAR = 50 x 100 x (2.33 x 0.02...
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