Finally i got it. Thanks a lot :) I always was missing the 100, but if n was indeed 100 the 100th loss could also have been any number between 0 and 94. Thanks.
Hi David,
hmm so what would be your answer to the question of "post what you can remember here":
5) Confidence VAR
94 a
95 b
96 c
97 d
98 e
99 f
What is the Expected shortfall at 95.5% confidence
I guess the answer is Answer: Average of c,d,e,and f
According to this they just gave 4 losses...
Thanks a lot David for clarifying. I think i'll try that strategy.
Sorry for one last question about this topic: What would be the ES when we would have the same setup like the above example (n=100, ES 95.5%=98.22) but with only 4 given worst losses like 99, 98, 97, 96. That would be the...
Hi David, thanks a lot. I think it works now :) Although i think you meant 98 x 0.5% ? :)
That means if the question above was talking about n = 1oo ==> ES (95.5) = (100*1%+99*1%+98*1%+97*1%+96*0.5%)/4.5% = 98.22
Could the ask the same question if n would be 99 ? Or would that be too...
Hi David,
it seems like GARP is trying to confuse people during the exam with questions about stuff you though easy while learning. But then in the exam it turns out that the questions are very different from the ones you were working on while preparing. One specific question on Expected...
Hi Suzanne,
no, actually i mean all the questions & answers from the real world Level II May 2012 exam posted here in this thread Level 2: Post what your remember here... Wouldnt it be great to have all of the posted questions in a practive exam format.
Hi David,
i passed May Level I exam. Thanks for your good materials. I think ìll start for L2 right away. I just went through the L II exam questions and think they would really be good preparation questions for the exam. My question is, if its possible to summarize all shown questions from...
[email protected] said: ↑
In the binomial tree the right answer was not 10 for the value of the put, don't forget to multiply by the probability of down move : P(down) x 10
I think the question was about the option after the stock moves down to a of 40. So after it moved down with percentage of...
Hi, wow you realy have a photo realisitc memory capacitiy of the questions :)
What did you answer on the Questions...
3. The one with the highest w (Omega) Actually you didnt have to calculeat anything here right ?
4. Did you have to use the z-table here? I thought everything needed to fill...
Hi, in my opinion the exam wasn't brutal but super brutal. I mean why do they ask you every little detail about all possible models discussed in the books ? I mean there were words in questions i never heard of before in my life. LOL. I thought this would be a risk exam and the focus would be...
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