- Thread starter hamu4ok
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I was surprised by the lack of calculations. Some of the topics that took a lot of room in the readings were barely mentioned e.g. Merton model. I have a general good feeling about my results, but there were so many questions that I was only partly sure about, that I can't be 100% confident.

There was a question about 12 PC for a equity long position and the consequence of replacing some of it with other stock. Did somebody solve that?

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#6

I was surprised by the lack of calculations. Some of the topics that took a lot of room in the readings were barely mentioned e.g. Merton model. I have a general good feeling about my results, but there were so many questions that I was only partly sure about, that I can't be 100% confident.

There was a question about 12 PC for a equity long position and the consequence of replacing some of it with other stock. Did somebody solve that?

will decrease diversified var; decrease RAROC; decrease Sharpe Ratio; have 14 PC to account for 85% of variance

The first question was copied from GARP 2013 about QQ plot

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#11

I think we all had a different numbering. But i came to the conclusion, that it was contrary to the old questions. I choose light tails as an answer and the old question if i remember correctly had heavy tails as an answer. I might be wrong though. What was your answer?

among the answers

will decrease diversified var; decrease RAROC; decrease Sharpe Ratio; have 14 PC to account for 85% of variance

will decrease diversified var; decrease RAROC; decrease Sharpe Ratio; have 14 PC to account for 85% of variance

the qestion related to risk neutral DP with lambda. 460 CDS premium and 40% recovery rate to find 2 year DP. dp=1-exp(-2*4,6%/60%)

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#16

I believe your solution is correct. I think though that the the spread was 420 basis points, therefore hazard rate 0.07 and right answer is 13%. I think the rest of the answers were significantly smaller percentages (i.e. less than 8%). Can you remember? (As your answer gives 14.2%)

The exam was toooooooo theoretical for me with only 5 numerical questions! I was surprised!

I will probably take the exam in November so, any advice is welcome to be prepared that time! I completed the Schweser, 70% of the mock exam, average of 65% of Q bank and between 70 and 80% for the 2 mock exams from the book. I also had 16 right answers from the garp mock exam. I did all the drill topics from bionicturtle, but it was not enough because I did/do not master the concepts..

Good luck!

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