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if a company's financial situation is getting bad and the rating agency lower it's rating, will it's bond price increase? what about its stock price?

I got it. I guess I wouldn't be able to figure out R(A)=0.75E + 0.2Bond. The factor beta(equity and bond payoff) seems obtained from univariate regression from the question. But this is definitely what GARP try to test. Many thanks.

Don't have access but thanks anyway

I am not sure if anyone had the same question before. I cannot find the formula in the answer. It's regarding calculating covariance of two market using factor beta in different markets and covariance of the factors. It's not in chapter 16 of madden portfolio theory and investment analysis..

Really like your posts on the practice questions. I am really stucked at this one, I am wondering if you or David can take a look at my question here http://www.bionicturtle.com/forum/threads/question-21-portfolio.3540/

I found the BT channel on youtube, it is very nice and covers many FRM topics. How does it related to the Tier 2 package video tutorials?

I am very frustrated. I don't know how many people actually read the book and follow the AIM statement. Why would GARP design the study in such an unorganized and unprofessional way? CFA curriculum is also written by different authors, but I don't feel inconsistency. It's absolutely a bad idea...

I am sure somebody asked this before. Just register for Nov part one. I only have less than 3 month and I don't think I have time to read everything. But I am afraid I may miss something. Looking at AIM statement, each reading is assigned many points that may potentially test subject. I also...