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    Real world application: Deriving default probabilities from observed CDS spreads

    Hi there, I have to solve a problem which is actually a real world application of Malz, Chapter 7 - Bootstrapping default probabilities given an observable CDS spread curve. Please refer to the excel attached: I have created an excel spreadsheet that should do the calculation. What it...
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    Exam Feedback May 2016 Part 1 Exam Feedback

    1,1,1,1 :) ... reading Schweser and exercising with BT...
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    Schweser Notes are probably the best way to catch all the theory (GARP to detailed, Wiley is the...

    Schweser Notes are probably the best way to catch all the theory (GARP to detailed, Wiley is the worst). Bionic Turtle is the best way to practice alongside with GARP and Schweser Practice Exams. And not to forget the Bionic Turtle Forum.. If you are not able to go through the exam with...
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    Exam Feedback May 2016 Part 1 Exam Feedback

    I think it is a question of efficiency. I read through all the GARP books first, mainly because I am interested in the subjects. However when it comes to actual exam preparation (hammering things into your brain), I would never recommend to work with GARP books - the risk is quite high that you...
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    Exam Feedback May 2016 Part 1 Exam Feedback

    Expected the exam to be more difficult to be honest. After 3 hours, I arrived at question 100 with having 10 - 15 questions left open. I then concentrated on the ones I knew how to solve (e.g Binomial Tree one), chose a random answer for the ones I did not have a clue (for example sample...
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    Where do you guys get old GARP Practice Exams from? (Older than 2016 one...)

    Where do you guys get old GARP Practice Exams from? (Older than 2016 one...)
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    Tuckman: Par rates and DV01 / Duration / Convexity

    Thanks ShaktiRathore for your answer! I got the formula from Tuckman chapter "Spot, Forward, and Par Rates" (p. 184 of the GARP book) ...
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    Tuckman: Par rates and DV01 / Duration / Convexity

    Hi everyone, I am keen to know how Tuckman produces the graph where he shows the price - par rate relationship for the three securities in "One-Factor Risk Metrics and Hedges". Until now I've only seen price - YTM relationship graphs (usually authors explain duration etc. with this relationship...
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