Hi David,
Thanks so much for you help with preparation. You're the best!
Will surely recommend your excellent services to others.
Warm regards,
:)
John
JoP Covered it pretty well. The second half of the exam had very long questions (lots of reading before getting to question).
I thought the exam was somewhat difficult. It tested on very exact details on some topics and Basel II, some current events. The questions I list below are mostly the...
Hi David,
After migrating to the first state, you migrate to D. It looks like matrix multiplication of Row B X Column D. Is that a correct way of interpreting the calculations?
John
Hi David,
I'm not sure how to read the transition table in question 28.
The question states:
For a company starting with rating B in year 1, calculate the default (rating D) probability for year 2.
Starting Ending
A B C D
A...
Hi David,
Thanks for the quick response! I thought so, that VaR is one-tailed. When q36 used 1.96 it confused me. I hope there aren't too many of these errors on the practice test.
John
Hi David,
While reviewing practice questions, I'm so confused about when to use the one-tailed or two tailed test.
For example in the 2008 FRM practice test 1 question #36 used
1.96 for the 95th percentile VaR
and in question #37
1.645 is used for the 95% surplus-at-risk.
Is...
HI David,
A $20 million portfolio consists of only two equally-weighted and uncorrelated positions in Assets A & B. Asset A ($10 million) has a volatility of 10% and Asset B (also $10 million) has a volatility of 20%. At 99% confidence, what is an approximation of the incremental VaR given...
Hi
To David's response " ...a bank may mix AMA with BIA/TSA but I’ll defer to a specialist on such exceptions)"
In the U.S there are a handful of banks (core bank) that are required to implement AMA. "Less sophiscated" banks can "Opt-in" for the AMA approach. For the core banks, they...
Hi David,
After some googling, I found a page that answers my question,
http://www.educalc.net/140726.page
It's exactly like the TI, except that the last step you press i.
The hp takes several seconds before it shows the value. I heard that the TI computes much faster without the...
Hi David,
I noticed that in Tuckman Chapter 3 notes (page 112) you show how to calculate YTM using the TI caculator. I have the HP 12c (not familar with functionality).
Do you think you can show how to perform YTM calculations on the hp 12c.
Thank you.
John
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.