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  1. mtakroosta

    Problems in GARP's 2020 FRM material

    Part I, Financial Markets and Products, Chapter 20, The last paragraph of the second column i.e. Just above Figure 20.3. On Page 261. The swap enables a ten-year three-year investment paying LIBOR minus 10-basis points to be exchanged for one paying 2.96%.
  2. mtakroosta

    Problems in GARP's 2020 FRM material

    Part I, Financial Markets and Products, Chapter 20, 20.3. which is the last paragraph before 20.4. Page 263: Figure misaddressing. Modifying the statement made in connection with Figure 20.2 20.7, we can say that the swap succeeds in exchanging a floating-rate liability for a fixed-rate...
  3. mtakroosta

    Problems in GARP's 2020 FRM material

    Part I, Financial Markets and Products, Chapter 20, Below table 20.3 on page 262: If Company B borrows at the floating rate of 3.5% LIBOR + 0.9% indicated in Table 20.3, it has three sets of interest rate cash flows. 1. It pays Libor + 0.9%. 2. It pays X%. 3. It receives Libor.
  4. mtakroosta

    Problems in GARP's 2020 FRM material

    Part I, Financial Markets and Products, Chapter 20, Figure 20.5 on page 262: The left box should be Company B A
  5. mtakroosta

    Problems in GARP's 2020 FRM material

    Part I, Financial Markets and Products, Chapter 19, Answer of Question 19.16. on page 255: No coupons will be paid in the 31-day period between August 1 and September 1. The time to delivery is 31/365 = 0.0849 years. The dirty futures price is therefore: 132.5 e0.0849*0.04 = 132.9509 The...
  6. mtakroosta

    Problems in GARP's 2020 FRM material

    Part I, Financial Markets and Products, Chapter 19, 19.4. The first paragraph of the first column of page 250: Formula misnumbering. April 15, 2019.12 First, the March 2020 Eurodollar futures can be used to estimate the 90-day forward rate for a 90-day period starting on March 16, 2020. This is...
  7. mtakroosta

    Problems in GARP's 2020 FRM material

    Part I, Financial Markets and Products, Chapter 17, 17.8 the penultimate paragraph of the first column i.e. page 221: The issuer default rate does not consider the size of the issues that defaulted, whereas the dollar default rate does. For example, suppose that there are 100 bonds with a...
  8. mtakroosta

    Problems in GARP's 2020 FRM material

    Part I, Financial Markets and Products, Chapter 16, 16.11 last paragraph before summery, i.e. page 207: To take a simple example, suppose that only two rates are offered in the market: a three-month rate and a five-year rate. Suppose further that both rates are 2.5% per year and that this...
  9. mtakroosta

    ERP to be CBT

    Thank you David
  10. mtakroosta

    ERP to be CBT

    Hey everyone, GARP is going to make ERP Computer-based-Test (according to their email 15 mins ago). Does anyone know anything about FRM?
  11. mtakroosta

    How many certified FRM's globally? In the USA?

    Hi @Sixcarbs Yesterday, I had an advertising email from GARP, announcing the early registration time, and the number 60,000 in the email caught my eyes. here is the exact sentence: "Isn't it time you joined the ranks of nearly 60,000 certified risk management professionals around the world...
  12. mtakroosta

    Why would a Portfolio Manager like High BOOK TO MARKET Securities

    Hi Thank you for your answer Frankly, after I read GARP material I didn't get convinced about the logic, neither have I been persuaded after I read the above discussion. I mean, If our criteria were P/E it could be making more sense, but with BML it doesn't. Thanks
  13. mtakroosta

    PLEASE READ: Publishing Process for 2020

    Hey David and Nicole I see your hard work and I myself am using the question bank regularly to practice. I hereby want to thank you and ask you not to sacrifice the quality and accuracy of your work (as you have never done so before). We are all under pressure because of the GARP decision...
  14. mtakroosta

    COVID-19 Updates

    Maybe it's a bit too soon to say that! But the Virus has got pandemic and it might not go away in a foreseeable future! So maybe in the next month, they announce their decision.
  15. mtakroosta

    FRM Part - 1 : Study Group November 2019

    Please add me +1 613 255 0913 FRM I May
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