# Errata (eg, FRM Handbook) or Key Exam Issue

Sort By:
Title
Replies Views
Last Message ↑
1. ### Questions

Hi asja, Re: Does it mean that the question/answer posted here are copied directly from handbook, therefore may contain error, until you vet them? I guess I will just wait for the pdf then… Yes, exactly correct, they are merely copied until I vet them... Re: If your time is limit, IMHO you may focus more on the Note. (I know this is a sensitive topic. By no means I want to push, I only...
Hi asja, Re: Does it mean that the question/answer posted here are copied directly from handbook, therefore may contain error, until you vet them? I guess I will just wait for the pdf then… Yes, exactly correct, they are merely copied until I vet them... Re: If your time is limit, IMHO you may focus more on the Note. (I know this is a sensitive topic. By no means I want to push, I only...
Hi asja, Re: Does it mean that the question/answer posted here are copied directly from handbook, therefore may contain error, until you vet them? I guess I will just wait for the pdf then… Yes, exactly correct, they are merely copied until I vet them... Re: If your time is limit, IMHO...
Hi asja, Re: Does it mean that the question/answer posted here are copied directly from handbook, therefore may contain error, until you vet them? I guess I will just wait for the pdf then… ...
Replies:
3
Views:
4
2. ### Focus Review Exercise 1

Hi, David, Thank you so much. I got it. I thought I missed some important concept as during the focus review, everyone seems understanding completely.
Hi, David, Thank you so much. I got it. I thought I missed some important concept as during the focus review, everyone seems understanding completely.
Hi, David, Thank you so much. I got it. I thought I missed some important concept as during the focus review, everyone seems understanding completely.
Hi, David, Thank you so much. I got it. I thought I missed some important concept as during the focus review, everyone seems understanding completely.
Replies:
2
Views:
3
3. ### Zero Coupon Bond (5th Ed, p11)

This question, motivated by a forum query, is a variation on an example given in the FRM Handbook (page 11); the spreadsheet contains solutions for both. I thought this would give practice on several bond ideas. Question: Consider a 10-year zero-coupon Treasury bond with face value of $100 trading at a yield of 5%. Questions: a. What is the bond's price under (i) annual, (ii)... This question, motivated by a forum query, is a variation on an example given in the FRM Handbook (page 11); the spreadsheet contains solutions for both. I thought this would give practice on several bond ideas. Question: Consider a 10-year zero-coupon Treasury bond with face value of$100 trading at a yield of 5%. Questions: a. What is the bond's price under (i) annual, (ii)...
This question, motivated by a forum query, is a variation on an example given in the FRM Handbook (page 11); the spreadsheet contains solutions for both. I thought this would give practice on several bond ideas. Question: Consider a 10-year zero-coupon Treasury bond with face value of $100... This question, motivated by a forum query, is a variation on an example given in the FRM Handbook (page 11); the spreadsheet contains solutions for both. I thought this would give practice on... Replies: 0 Views: 4 4. ### Return on Bank Equity pages 682,683 Hi JY - I am frankly confused by both examples (?!) ... I do agree with you, Jorion's funding of the$100 with $92 or$98 does seem inconsistent with a more typical approach; i.e., to fully fund the asset with deposits, so that there is a clean "spread ... that's how Crouhy does it for RAROC: if $1,000 loan, fund with$1,000 deposits ... the only possibility I can figure is perhaps he has...
Hi JY - I am frankly confused by both examples (?!) ... I do agree with you, Jorion's funding of the $100 with$92 or $98 does seem inconsistent with a more typical approach; i.e., to fully fund the asset with deposits, so that there is a clean "spread ... that's how Crouhy does it for RAROC: if$1,000 loan, fund with $1,000 deposits ... the only possibility I can figure is perhaps he has... Hi JY - I am frankly confused by both examples (?!) ... I do agree with you, Jorion's funding of the$100 with $92 or$98 does seem inconsistent with a more typical approach; i.e., to fully fund the asset with deposits, so that there is a clean "spread ... that's how Crouhy does it for RAROC:...
Replies:
0
Views:
1