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1. ### Calculate the probability of default, cumulative probability of default, marginal probability of def

Hi @David Harper CFA FRM , This is a new topic added in 2017 - are there any practice questions for the calculations? GARP tends to test more on new topics per my experience. Thanks!
2. ### SWAP VALUATION -FRA

Hi, Trying to understand how to value swap using FRA. In the notes we first calculate continuous fwd rate using the hull equation then convert to semi-annual fwd rate (continuous to discrete formula). Why do we do this? Also, if anyone can explain to me in clear and simple words the different...
3. ### Storage Costs Hull Vs McDonalds

Hi David, Can you please explain how do we calculate forward price with storage costs when given as \$ values and as % ? Between the two books I am really confused..perhaps extend this with other Cost of carry factors. Thanks in advance..
4. ### Contango/Backwardation And Basis Relationship

Hi David, I am trying to relate the 2 concepts here and getting a little confused - So-Fo = Basis where; So<Fo = Weak Basis, Contango and model is Cash and Carry at time = 0 if So<Fo ex. 4 and 4.2 i.e basis = -0.2 weak basis here at time = t if St<Ft ex. 4.2 and 4.3 then basis = -0.1 weak...
5. ### Tuckman - Mortgages and MBS

Is there a video tutorial available for this topic? also its exam relevance ?