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Study Notes - Quantitative Analysis - Chapter 23 - Hull

Dr. Jayanthi Sankaran

Well-Known Member
Hi David,

I wanted to bring to your attention that the GARP FRM Program Manual for 2015 has in its AIM:

"Describe the volatility term structure and the impact of volatility changes" for Chapter 23 of Hull

This has not been covered in your study notes. Just wanted to let you know...


Nicole Seaman

Chief Admin Officer
Staff member
Hello @Jayanthi Sankaran,

Thank you for bringing this to our attention, however, we know about each and every new AIM that has been added to the curriculum. ;) We update our materials continuously throughout the exam period. Each year, in December, I create an analysis that shows the changes between the previous year and the current year. This analysis includes every repeated and new AIM for the new year. I have a complete list of materials that need to be updated, and we will continue working on that list until the materials are updated. Thank you for your patience during this time.


Dr. Jayanthi Sankaran

Well-Known Member
Thank you Nicole for your detailed answer with regards to the details:) I know that it was not necessary to bring up this issue with BT. Nevertheless......thanks for your untiring efforts that make BT such a great Exam Prep Provider!