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1. ### What's wrong with my PV calc?

Thank you. This makes sense and it's a much simpler approach.
2. ### What's wrong with my PV calc?

Thanks David! Just to confirm I am understanding this correctly... Using my BA II Plus calculator I would do the following. .05 --> e^x which gives me 1.051271 and the continuous interest rate. Then compute PV using the following inputs: 5.1271% --> I/Y 1 --> N -85 --> PMT CPT --> PV =...
3. ### What's wrong with my PV calc?

Hi All, I'm completing question 2.4 in the GARP book quantitative analysis. The question is just asking to get the present value of a bond that is expected to be $85 after 1 year at a continuous interest rate of 5%. In the answer it says it should be$80.85 but when I run my PV calcs I...
4. ### Questions regarding - Foundations of Risk Global Topic Review Question Set

Thanks David, Your explanation definitely helps me understand the approach you are using. It does help put my mind at ease that I didn't miss something and that these questions are not included in error. Based on this I believe it makes sense for me to go through each book/study planner for...
5. ### Jensen's Alpha Formula - Please Confirm

Thanks for the clarification. It looks like my algebra is rusty. I was having difficulty getting the right answer using version 1. α = E(RP) – [RF+BP(E(RM)-RF)] = E(RP) – RF-BP(E(RM)-RF) So when using the inputs from the "Summary of Risk-Adjusted Performance Measures" I get the below, which...
6. ### Questions regarding - Foundations of Risk Global Topic Review Question Set

Hi David, Thanks for the quick response. Maybe I'm approaching this the wrong way. When you say " VaR, ES and default probability are clearly all in Part 1 FRM" I don't doubt this. What I am saying is that since I'm only at the very beginning of part 1 and I've only completed book 1...
7. ### Questions regarding - Foundations of Risk Global Topic Review Question Set

Hi All, I took the Foundations of Risk Global Topic Review Question Set today after reading the Schweser book 1 Foundations of Risk Management and completing all sections within the part 1 study planner in Bionic Turtle. Is it me or were a number of these questions not taught in the 2017...
8. ### Jensen's Alpha Formula - Please Confirm

Hi All, Can someone confirm the correct Jensen's Alpha formula? I've seen two versions used throughout the material and I don't understand why. Maybe I'm just overlooking something. One version adds the Risk Free Rate to the Price of Risk while the other one subtracts it. Examples below...
9. ### Question on study materials - Readings

Thanks for the quick response David!
10. ### Question on study materials - Readings

Hi All, I've purchase the FRM part 1 books for 2017 as well as the schweser books, and the Bionic Turtle professional subscription. I went through the Schweser book on Foundations of Risk Management and took all their tests. It was pretty simple and I scored high 90's. I then came to Bionic...
11. ### Schweser test 97%, Boinic Turtle 10%. Foundations of Risk Management

Hi All, I purchased the GARP materials as well as the Schweser materials. I've just finished studying book 1 and completed the Schweser exam prep for foundations of risk management and my average score from the Q-Bank is 98%. I purchased Bionic Turtle as well for additional questions and...