THE 2007 FRM PRACTICE EXAMS ARE FREE FOR ALL PAID 2007 FRM CANDIDATES. The 2007 FRM Practice Exams I, II and III have been developed to aid candidates in their preparation for the FRM Examination in November 2007. These practice exams are based on a sample of questions from the ... click here for more details.

The 2009 FRM Practice Exams have been developed to aid candidates in their preparation for the FRM Examination in November 2009. These practice exams are based on a sample of questions from the 2007 FRM Examination and are representative of the questions that will be in the 2009 FRM ... click here for more details.

The FRM Exam is a practice-oriented examination. Its questions are derived from a combination of theory, as set forth in the core readings, and "real-world" work experience. Candidates are expected to understand risk management concepts and approaches and how they would apply to a risk manager`s day-to-day activities. The FRM ... click here for more details.

This paper explores a novel algorithm for the pricing of derivative securities. There are now hundreds of different types of derivative securities, each with their own peculiar characteristics. Yet, no single approach works for every type of contract and, indeed, the literature in finance is replete with a vast number ... click here for more details.

This paper explores a novel algorithm for the pricing of derivative securities. There are now hundreds of different types of derivative securities, each with their own peculiar characteristics. Yet, no single approach works for every type of contract and, indeed, the literature in finance is replete with a vast number ... click here for more details.

Many practitioners are bewildered by the fact that ex post active risks of their portfolios are often significantly higher than ex ante tracking errors estimated by risk models. Why do risk models tend to underestimate active risk? The answer to this question has important implications to active management, in the ... click here for more details.

Many practitioners are bewildered by the fact that ex post active risks of their portfolios are often significantly higher than ex ante tracking errors estimated by risk models. Why do risk models tend to underestimate active risk? The answer to this question has important implications to active management, in the ... click here for more details.

Excerpt from Book - Among the most widely studied time-series processes in the empirical finance literature is the family of affine processes. Their popularity is attributable to their accommodation of stochastic volatility, jumps, and correlations among the risk factors driving asset returns, while leading to computationally tractable pricing relations and ... click here for more details.

*** From the book *** The aim of this Appendix is to give you an understanding of almost all the mathematics you need in quantitative finance, and to give you the confidence to read through the more technical parts of this and other books.

From the author - This part of the book covers the dynamics of discrete-time asset price volatility. Chapter 8 summarizes five interpretations of volatility, all of which refer to the standard deviation of returns. It then reviews a variety of reasons for volatility changes, although these can only provide a ... click here for more details.