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TYPE
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Does risk management add value L1 [practice, foundation] 17 Mar 2010
32. There are many reasons why risk management increases shareholder wealth. Which of the following risk management policies is least likely to increase shareholder wealth? [source: … read more
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Univariate versus multivariate [quantitative] 17 Mar 2010
AIM: Distinguish between univariate and multivariate probability density functions A single variable (univariate) probability distribution is concerned with only a single random variable; e.g., roll of … read more
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Density functions: pmf/pdf [quantitative] 17 Mar 2010
AIM: Describe and interpret the probability mass function, probability density function, and cumulative density function for a random variable. A random variable is characterized by a … read more
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Cotton forward price L1 [practice, products] 16 Mar 2010
31. The current spot price of cotton is USD 0.7409 per pound. The cost of storing and insuring cotton is USD 0.0042 per pound per … read more
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Bayes’ theorem [quantitative] 16 Mar 2010
AIM: Define Bayes’ theorem and apply Bayes' formula to determine the probability of an event. Bayes Theorem uses a prior probability to inform a conditional posterior … read more
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Relative frequency [quantitative] 16 Mar 2010
AIM: Describe the relative frequency or the empirical definition of probability. Relative frequency is based on an actual number of historical observations (or Monte Carlo simulations). … read more
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Our CDO image appears in an academic paper 15 Mar 2010
P.M. Vasudev, a Senior Lecturer at the University of Auckland (Department of Commercial Law) will publish a paper in the forthcoming Integrated Risk Management and … read more
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Bond volatility L1 [practice, valuation] 15 Mar 2010
30. John Flag, the manager of a USD 150 million distressed bond portfolio, conducts stress tests on the portfolio. The portfolio’s annualized return is 12%, … read more
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Random variables [quantitative] 15 Mar 2010
AIM: Define random variables, and distinguish between continuous and discrete random variables. We typically characterize (describe) a random variable with a probability distribution. The random variable … read more
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Probability of event [quantitative] 15 Mar 2010
AIM: Define the probability of event. The probability of an event refers to the classical or a priori definition: For example, consider a craps roll of … read more
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- Hi Carolina, I don't like my last comment, either, as I was just trying to reconcile. Sorry, I don't quite follow your distinction. While acknowledging there … 15 Mar 2010
- Potomoc, Thanks for your adding the Lehman report, I really appreciate it ... now just need to find the time to somehow digest some portion of … 15 Mar 2010
- Another addition to your excellent list is the Lehman brothers holdings bankruptcy report. It was written by Court-appointed examiner Anton Valukas of Jenner& Block and totals … 15 Mar 2010
- Dear fellow BT members: Can you recommend good INTRO books that will make the assigned Gujarati chapters easier to comprehend? I am currently browsing the following …17 Mar 2010
- Hi David, I the core readings, I found it is very difficult to follow the book on Derivatives Markets by McDonald. Please suggest to me which …17 Mar 2010
- David is going to conduct our 2nd 2010 FRM review webinar on Saturday April 3rd at 9 AM U.S. EST. What time is that for you? …17 Mar 2010