please help me in resolving the following confusion:
When we find correlation in CDS, I understand following :
high correlation makes senior tranches (i.e., high n to default for basket CDS) more expensive (all other things equal) and junior tranches (e.g., 1st to default) less...
How can i download GARP PRactice exam 2012 from the digital library. I cannot see any download link, but it asks for payment related stuff.
Is there any other link for downloading the Practice exams for Paid Candidates ?
Please let me know.
I need Chapter 14 of following referenced book:
Richard Grinold and Ronald Kahn, Active Portfolio Management: A Quantitative Approach for Producing Superior
Returns and Controlling Risk, 2nd Edition (New York: McGraw-Hill, 2000).
• Chapter 14............................Portfolio...
I felt exam was not easy....but not tough also...purely based on concepts.
I am not very comfortable in the question which were purely theoretical.....so cant bet on the result. generally how much is the %tile for the part1 ?