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  1. J

    FAQ Before Exam Are GARP books worth using to study for L2? (in conjunction with BT)

    Hi, this question is directed more to those having passed the L2, and @Nicole Seaman I apologize if there is a thread already for this, but what do GARP's L2 books contain (i.e. are the books simply a compilation of all the related readings drawn from the various reference resources?) and were...
    • jcklam
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    • garp books
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  2. J

    Does the long position in contango always incur a loss?

    Hi David, the roll yield for a long futures position in contango is negative (I.e. futures prices are always decreasing until they converge to the spot at maturity so a long futures position that closed out in the interim or at maturity will always incur loss). Does this mean that if I were to...
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