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I had a similar idea as yours and whittled down to A or B, of which I eventually answered B after some number crunching.

@hamu4ok do you mind sharing your working for former? I couldn't figure this one out concretely and guessed '1y and 1.5y'

Hi David, I did indeed! Pretty sure I came out of the P1 exam on Saturday haha. I was surprised to see such a question myself as it was the first time in all the practice/exercise questions I've burned through

With regards to a question about an analyst backtesting a 99% VaR, and to calculate the probablity of 2 exceedences: I finally figured this out at my desk. The key is to use the binomial equation where probability of exceedence, p = 0.01 and X = exceedence P(X=2) = 90C2 x (0.01)^2 x (1 -...

for the first question I started off with hedge ratio * portfolio value/futures value, then started multiplying/dividing randomly and i think got an answer similar to 350,000. could be right/wrong here. the second part i think i answered nothing happens. for projected forward rates, i attemped...

Correct me if I'm wrong but... if k increases, the fractional term should increase, thus making Adj R squared = 1 - 'a larger value' => Adj R squared decreases; keeping all else constant.

I had been studying for Part 1 for roughly 5 months going through Schweser notes and past years stretching back to 1997. even found some materials from other third party providers and did those exercises too. After all that, I felt pretty confident cruising through towards exam day. In the...

Was it really negative excess kurtosis? I could've sworn it was positive.. hence I think I answered leptokurtic. If it was negative afterall then that's another mark stolen by the FRM fairy...