RELIABLE 8011 STUDY MATERIALS - 8011 RELIABLE DUMPS SHEET

Reliable 8011 Study Materials - 8011 Reliable Dumps Sheet

Reliable 8011 Study Materials - 8011 Reliable Dumps Sheet

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Tags: Reliable 8011 Study Materials, 8011 Reliable Dumps Sheet, 8011 New Dumps Ebook, 8011 Verified Answers, 8011 Latest Exam

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PRMIA 8011 Certification Exam is a rigorous exam that requires a significant amount of preparation and study. 8011 exam consists of 100 multiple-choice questions and is three hours in length. To pass the exam, individuals must achieve a score of at least 70%. 8011 Exam is administered at Pearson VUE testing centers around the world, making it accessible to individuals in many different locations.

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8011 Reliable Dumps Sheet, 8011 New Dumps Ebook

Now there are many IT professionals in the world and the competition of IT industry is very fierce. So many IT professionals will choose to participate in the IT certification exam to improve their position in the IT industry. 8011 Exam is a very important PRMIA's certification exam. But if you want to get a PRMIA certification, you must pass the exam.

PRMIA Credit and Counterparty Manager (CCRM) Certificate Exam Sample Questions (Q148-Q153):

NEW QUESTION # 148
The largest 10 losses over a 250 day observation period are as follows. Calculate the expected shortfall at a
98% confidence level:
20m
19m
19m
17m
16m
13m
11m
10m
9m
9m

  • A. 0
  • B. 19.5
  • C. 14.3
  • D. 18.2

Answer: D

Explanation:
For a dataset with 250 observations, the top 2% of the losses will be the top 5 observations. Expected shortfall is the average of the losses beyond the VaR threshold. Therefore the correct answer is (20 + 19 + 19 + 17 +
16)/5 = 18.2m .
Note that Expected Shortfall is also called conditional VaR (cVaR), Expected Tail Loss and Tail average.


NEW QUESTION # 149
If the default hazard rate for a company is 10%, and the spread on its bonds over the risk free rate is 800 bps, what is the expected recovery rate?

  • A. 40.00%
  • B. 8.00%
  • C. 20.00%
  • D. 0.00%

Answer: C

Explanation:
The recovery rate, the default hazard rate (also called the average default intensity) and the spread on debt are linked by the equation Hazard Rate = Spread/(1 - Recovery Rate). Therefore, the recovery rate implicit in the given data is = 1 - 8%/10% = 20%.


NEW QUESTION # 150
If EV be the expected value of a firm's assets in a year, and DP be the 'default point' per the KMV approach to credit risk, and#be the standard deviation of future asset returns, then the distance-to-default is given by:

  • A.
  • B.
  • C.
  • D.

Answer: B

Explanation:
The distance to default is the number of standard deviations that expected asset values are away from the default point. The expression in Choice 'd' represents distance to default. Choice 'd' is the correct answer. The other choices are incorrect.


NEW QUESTION # 151
If the duration of a bond yielding 10% is 6 years, the volatility of the underlying interest rates 5% per annum, what is the 10-day VaR at 99% confidence of a bond position comprising just this bond with a value of
$10m? Assume there are 250 days in a year.

  • A. 0
  • B. 1
  • C. 2
  • D. 3

Answer: C


NEW QUESTION # 152
Which of the following risks were not covered in detail in most stress tests prior to the current crisis:
I. The behavior of complex structured products under stressed liquidity conditions II. Pipeline or securitization risk III. Basis risk in relation to hedging strategies IV. Counterparty credit risk
V. Contingent risks
VI. Funding liquidity risk

  • A. All of the above
  • B. I, IV and VI
  • C. I, II, III, IV and VI
  • D. II, III and V

Answer: A

Explanation:
The BCBS publication 'Principles for sound stress testing practices and supervision' (May 2009) identifies all of the above as risks that were covered in insufficient detail in most stress tests prior to the current crisis.
Therefore Choice 'd' is the correct answer.
For the PRM exam, you should have read this document. You should also be familiar with all the above risk types as being contributors to the crisis, and know what each of these mean.


NEW QUESTION # 153
......

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