What's new

Recent content by mshah6490

2. Merton model, a summary of the issues

Excellent explanation @ShaktiRathore . It is clear to me now. I checked the mean of a log-normal distribution is mu+sigma^2/2 (ref:https://en.wikipedia.org/wiki/Log-normal_distribution and http://www.mathworks.com/help/stats/lognstat.html?refresh=true) but I get the idea now. I am done with...
3. Merton model, a summary of the issues

Hi @David Harper CFA FRM I have a decent idea about the intuition as to why N(-d2) is the PD. I am able to understand the intuiton behind ln(V(0)/k) and adding drift to calculate the distance. I understand this as follows: We calculate how many standard deviations would the expected value...
4. 2014/2015 Curriculum Change Analysis

@Nicole There was a reading "Hull, Options, Futures, and Other Derivatives Bionic Turtle FRM Study Notes Reading 28 -- R28.P2.T5.Hull_v3.pdf" but I don't see it now. Does this mean its not there in the curriculum for Part 2 ? Thanks, Mihir
5. Win prizes for forum participation!!

Thank you. I'll let it accrue :)
6. Weekly trivia 4/28/14 (Duration, DV01 and convexity)

@David, in bonus part of Q4, if we take the derivative of the price, P w.r.t. T, won't that give us the time, T when we get the maximum price. In my opinion, we would probably have to take the derivative of \$Dur with respect to time to get the local maximum. Please correct me if I am wrong. Thanks
7. Enter our weekly multiple choice Trivia Contest and Win!!!! (Fixed Income Basics)

1. B 2. C 3. B 1. C 5. B
8. Enter our weekly multiple choice trivia quiz to win (common FRM exam dilemmas)

Thanks Nicole, I'll let it accrue :)
9. Enter our weekly multiple choice trivia quiz to win (common FRM exam dilemmas)

1. D 2. D 3. B 4. D
10. Enter our weekly multiple choice trivia quiz and win prizes!!

1. B 2. A 3. B 4. D 5. D
11. Weekly Trivia Contest for week of March 24th! Enter to win!!

1. B 2. D 3. C 4. D 5. B
12. Enter our Weekly Trivia Contest and Win!!!

1. C 2. D 3. A 4. B 5. B