Can anybody who’se appeared for Part 2 before confirm whether or not we need to memorise the long formulas for PD and LGD used under Merton Model? (e.g. the formula on page 62 of book 2 Schweser)
Or will it be given and we’ll just have to plug the right numbers?
Part 1 was much harder than the practice exams and very time constrained. My advice is to work through a lot of praactice questions.
^ You’re not doing part 2?
I am writing CFA L3 in June so I will likely prepare for FRM P2 for November.
How are you finding FRM P2? Does it require more committment than P1?
I’m not sure what to make of it tbh. It’s not that hard but its a pain to memorise all those formulas that will otherwise be coded in a macro.
Maybe I’m feeling the pressure now coz I’m doing L2 CFA as well in June. But lets see. I’ll be able to give you a proper answer in 2-3 weeks time when I hope to finish all my preps and get down to doing sample exams.
Well you are keeping yourself busy, that’s for sure.
I look forward to an update.