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As I understand from all the above discussions & the FRM 2009 paper...GARP likes to test if a candidate can bring in logic into fuzzy situations...which is practically the RISK PROFESSION. That is the reason of the so called famous "put call parity question with American options"...being...

Most of the comments have said that the AM session was more difficult than the PM session. One would like to know if there is any likelihood that anybody would have successfully attempted close to 120 questions confidently in FRM 2009. Simultaneously does any body who has just attempted 70...