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Exam Feedback October 2020 Part 1 Exam Feedback

rmdfra

New Member
Fearsible. I left the exam room with the feeling that most of the questions were about conceptual aspects of the FRM curriculum rather than hard, lenghty calculations. Compared to the mock exam, I think it was simplier.
 

nc27

Member
Subscriber
Well you said, if you have time...alot of people dont. The exam was long indeed and some parts were very nuanced..I recall the binomial option question, it was odd that you were given the combinations.

You are talking about the American option (from the red booklet)?
 

Frodo81

New Member
My two cents: My impression was that the exam was pretty much as expected after having prepared with the GARP books and the GARP practice exam. Except one single question there were no real surprises.

However, I'm pretty sure that I did answer some questions wrongly (about 7) and was hesitating with some more (maybe 15), plus there will be some more unknown mistakes, too. At the end of the day I managed to finish on time but it was tight and I would have scored better with some more time. But that's the game and I'll accept. Realistically, it will get very tight in my case.

Regards,
Frodo
 

nc27

Member
Subscriber

It was simple, you just had to take the upper node option value with the upward neutral probability and discount it (and do this process 2 times)... from what I recall there was no need to take the intrinsic value that could have been obtained from exercising the american option.

Additionally, all values (stocks, neutral prob) were given, it was just plug and compute
 

badbunny

Member
Subscriber
It was simple, you just had to take the upper node option value with the upward neutral probability and discount it (and do this process 2 times)... from what I recall there was no need to take the intrinsic value that could have been obtained from exercising the american option.

Additionally, all values (stocks, neutral prob) were given, it was just plug and compute

Correct, I proceeded as you mention. Very straightforward.
 

Hamam

Member
Subscriber
@czet “The only question in that exercise was whether to calculate the SD by dividing by n or n-1. I went for n-1 since it's a sample standard deviation. Oh and also not forgetting to take the square root.[/QUOTE]”

It was a sample so it is more appropriate to divide by n-1 but don’t think they will penalize you if you divided by n.
 
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Frodo81

New Member
@czet “The only question in that exercise was whether to calculate the SD by dividing by n or n-1. I went for n-1 since it's a sample standard deviation. Oh and also not forgetting to take the square root.


It was a sample so it is more appropriate to divide by n-1 but don’t think they will penalize you if you divided by n.[/QUOTE]


If I remember correctly there were both results as possible solution. Therefore, I guess dividing by n instead of n-1 will be considered as wrong.
 

zeynepil

New Member
I was one of the only 7 people in the Cleveland exam room. Exam was not easy to me as well, I feel like I needed 30 more minute to be more comfortable about my answers.
 

thanhtam92

Active Member
Subscriber
does the exam contains more math-solving problems than theoretical questions? like what kind of percentages cause I am struggling with memorizing theories. My exam day is this coming November
 

Frodo81

New Member
does the exam contains more math-solving problems than theoretical questions? like what kind of percentages cause I am struggling with memorizing theories. My exam day is this coming November

As far as I remember there were about 30 - 40% practical questions. Others might correct me...
 

yyh90

New Member
does the exam contains more math-solving problems than theoretical questions? like what kind of percentages cause I am struggling with memorizing theories. My exam day is this coming November
thanks thanhtam92 for your question , kindly if anyone know exactly the percentage of theoretical questions in exam ?
 

daisypm

New Member
Sorry, don‘t understand your question.
Sorry I overlooked your reply. I thought you were mentioning some old GARP practice questions appeared in the actual exam, so I asked about how many practice questions have you done to prepare for the exam.
 

maartenvdz

New Member
Subscriber
Does anyone know when we can expect the results for this exam ? I know the GARP website states November 29th, but this is on a Sunday, so maybe they will be sent out earlier ?
 

Hamam

Member
Subscriber
Does anyone know when we can expect the results for this exam ? I know the GARP website states November 29th, but this is on a Sunday, so maybe they will be sent out earlier ?
Actually, now I’m curious how we will receive our grades on the 29th.
 

zeynepil

New Member
Does anyone know what time should we expect the results? It says Nov 29th, but doesn’t mention anything about based on which time interval. It is almost end of the day in China I guess but no results yet?
 
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