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guys...the results are out... My score Op Risk - Q2 Remaining topics - Q1 My preparation strictly confined to Schweser notes :)

I have cleared the Nov part 1 exam and below are my quartile scores. Foundations of Risk Management and Var - Q1 Quant and FMP - Q2 I have studied mostly from Schwezer notes which I completely regret as I found the exam lot tougher than the practice papers. I would like to start to prepare for...

I went for Es(3x)=9Es(x) Balaji

No, not that question, there was a question on coherent risk measure properties. I remember few options as below Var(a+b)<= Var(a)+ Var(b) ES(3x)=9E(x) Var(3x)>= 3 Var(x) Something like the above Balaji

There was a Question on ES and Var comparing the coherent risk measure rules. Anyone remember the question and answer Balaji

Bingo!!!! I too got 0.2%. Hope we both are right Balaji

Yes, American Put is the right answer. Balaji

Ohh no.....I actually thought that would be the case but I just went with Garp's explaination around the same. :( Balaji

well....around 60 is what i am expecting. Cheers, Balaji

I remember 1 more question on Coherent risk measures comparing both Var and ES. The options were deceptive as they mentioned Var (A+B)<= Var (A)+ Var (B) among the options. Clearly at the first glance we would go for this toption, however it is also mentioned to select the option that...

By the way at around 40-60 problems I saw a spree of Ds, around 5-7 on a trot. Hope I didnt go wrong there:( Balaji

In theory I would agree with you guys, but the question is practical and I totally agree with Garp's explaination that the Duration should infact be 15 years. The attachment I have provided in my above comments has Garp's explaination for the same. Cheers, Balaji

Guys, check this attachement. This question is actually a 1998 FRM question in the similar lines and also refer to Garp's explaination provided below Cheers Balaji

I agree to the explaination but realistically speaking The duration of a zero coupon bond is always equal to its maturity, regardless of whether it is callable. If the issuer calls a zero coupon bond, it will be for the purpose of retiring debt, not refunding at lower rates.

Can someone remember the options given for the Baye's theorem (Fraud test) question?? I reckon I have guessed it but cant recollect the options. There is one for question regarding the duration of a callable bond maturing in 15 years and callable after 10 years. This answer still remains 15...