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Hi David/Suzanne, Are you planning review series and/or mock exams for upcoming P2 exam?

Passed Part 1 exam...! 1,1,2,2 Thanks David for superb study material and videos...! esp. challenging question bank...!

Hi vjrao : I fully appreciate your concern and sympathize with you. You should really report this matter to GARP. I myself carried 2 calculators (TI BA 2 plus) without any problems at Waltham,Massachusetts center. I have done this for CFA exam as well with no issues. IMO, proctor should have...

Hi David, T distribution is less peaked than Normal Distribution. Then how do we explain that it has kurtosis greater than 3? This thing is really confusing. Also, can heavy tails be part of both Leptokurtic and platykurtic distributions ?

Hi David, Thanks for the crisp explanation. I got it ! :) -- pd_sn

27.1. Dowd defines an arithmetic, absolute value at risk (VaR) given by VaR(%) = -drift + volatility*deviate. For a portfolio with current value of $1.0 million, expected return of 15.0% and volatility of 40% per annum, which of the following is nearest to the 99.0% confident 20-day absolute VaR...