What does netting permit a firm to do? A. Pay only the losses due to unfavorable market prices. B. Net all of its gains against all of its l ...
2016-03-25 09:03
Assume the following information for stocks A and B. * Standard deviation of returns on Stock A = 40%. * Standard deviation of returns on St ...
2016-03-25 09:03
FRM一级***量大，时间紧张，平均算来2分钟就需要完成一题。而很多时候，题干非常长，若不能及时抓住关键词，就难以完成考试。大家在平时的练习中，一 ...
2016-03-24 13:03
我们知道，FRM考试各位四个小时，尤其是FRM一级时间更为紧迫，平均算来2分钟就需要完成一题。而很多时候，题干非常长，若不能及时抓住关键词，就难以 ...
2016-03-24 13:03Which of the following statements is (are) not true regarding a credit default swap (CDS)? I. The purchaser of a CDS seeks credit protection ...
2016-03-24 09:03A portfolio of stock A and options on stock A is currently delta neutral, but has a positive gamma. Which of the following actions will make ...
2016-03-24 09:03Consider a 1-year maturity zero-coupon bond with a face value of USD 1,000,000 and a 0% recovery rate issued by Company A. The bond is curre ...
2016-03-23 08:03An operational risk analyst is attempting to analyze a banks loss severity distribution. However, historical data on operational risk losses ...
2016-03-23 08:03Which one of the following statements about liquidity risk in derivatives instruments is not true? A. Liquidity risk is the risk that an ins ...
2016-03-22 09:03Suppose that a quiz consists of 20 true-false questions. A student has not studied for the exam and just randomly guesses the answers. How w ...
2016-03-22 08:03According to the Basel Committee which of the options below is not a quantitative standard that a bank must meet before it is pertained to u ...
2016-03-21 08:03As it relates to the bond indenture, the corporate trustee acts in a fiduciary capacity for: I. bond investors II. bond issuers III. bond un ...
2016-03-21 08:03A U.S. company has previously issued a dual currency bond that pays coupons in euros and principal in yen. A major subsidiary of the company ...
2016-03-18 08:03Which one of the following is the correct interpretation of a $10million overnight VaR figure with 99% confidence level? A. The institution ...
2016-03-18 08:03With respect to the CVA calculation, which ofthe following statements is correct when a risk manager wishes to understand which trades have ...
2016-03-17 08:03
A company prepares to introduce a new beverage. In the past, the success rate for a new product launch has been 40%. Historically, 80% of th ...
2016-03-17 08:03In a securitized transaction, over-collateralization on results when: A. The originator puts aside some cash in a reserve account to absorb ...
2016-03-16 09:03Bob tests the null hypothesis that the population mean is less than or equal to 45. From a population size of 3,000,000 people, 81 observati ...
2016-03-16 08:03John Jones, FRM, is discussing the appropriate usage of mean-reverting models relative tono-drift models, models that incorporate drift, and ...
2016-03-15 09:03A 5-year corporate bond paying an annual coupon of 8% is sold at a price reflecting a yield-to-maturity of 6% per year. One year passes and ...
2016-03-15 09:03
Suppose XYZ Corp. has two bonds paying semiannually according to the following table. The recovery rate for each in the event of default is ...
2016-03-14 09:03Three months ago a company entered in a one-year forward contract to buy 100 ounces of gold. At the time, the one-year forward price was USD ...
2016-03-14 08:03Which of the following is not a true statement about internal credit ratings? A. The at-the-point-in-time approach makes heavy use of econom ...
2016-03-11 08:03
Which of the following statements about the standard capital asset pricing model is correct when holding all other things constant? A. For a ...
2016-03-11 08:03Rarecom is a specialist company that only trades derivatives on rare commodities. Rarecom and a handful of other firms, all of whom have lar ...
2016-03-10 09:03Which of the following statements is correct about the early exercise of American options? A. It is always optimal to exercise an American c ...
2016-03-10 09:03A corporate bond will mature in three years. The marginal probability of default in year one is 3%. The marginal probability of default in y ...
2016-03-09 08:03Assume that the value of a call option with a strike price of $100 and six months remaining to maturity is $5. For a stock price of $100 and ...
2016-03-09 08:03Which of the following regarding equity option volatility is true? A. There is higher implied price volatility for away-from-the-money equit ...
2016-03-08 08:03Which of the following statements is a key differentiator between a moving average (MA) representation and an autoregressive (AR) process? A ...
2016-03-08 08:03
