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  #11  
Old 04-08-2017, 08:15 PM
Howard Mahler Howard Mahler is offline
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I am not sure how this works. I think you should ask the bookstore this and your previous question.

Sorry

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Originally Posted by The Disreputable Dog View Post
One more question on the DRM. I was thinking about downloading the pdf on my work computer, then sending it to the company mailroom to have them print it out on their industrial printer using 3-hole drilled paper and whatnot. (They're really convenient for that.) Would I run into any problems downloading it on my work computer and then sending it to another computer for printing?
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  #12  
Old 04-17-2017, 11:33 AM
R3d Anonymous R3d Anonymous is offline
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On page 119, #32 for Section 5 I believe there's an error. The correct answer indicated later is "E. Sell a butterfly spread", but if you think the volatility is lower than expected, wouldn't you buy a butterfly spread?
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  #13  
Old 04-17-2017, 07:12 PM
Howard Mahler Howard Mahler is offline
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Default Q. 5.32

You are correct.
I will fix this and add it to the errata list.
Thanks.
If you find anything else please let me know via email.

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Originally Posted by R3d Anonymous View Post
On page 119, #32 for Section 5 I believe there's an error. The correct answer indicated later is "E. Sell a butterfly spread", but if you think the volatility is lower than expected, wouldn't you buy a butterfly spread?
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  #14  
Old 05-08-2017, 02:23 PM
KyleMoyer KyleMoyer is offline
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Page 41, question 3.10
Gilbert sells a share for...
Gilbert also buys a strike...
Gilbert sells his share of stock in one year

I'm confused. Where did the share that he's selling come from?
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  #15  
Old 05-08-2017, 02:30 PM
KyleMoyer KyleMoyer is offline
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I'm also confused by the answer to that same question. Where did the "-s" come from for Gilbert. And shouldn't Sullivan be s - 67e.07 instead of the other way around?
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  #16  
Old 05-08-2017, 06:09 PM
Howard Mahler Howard Mahler is offline
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Default Q.3.10, my mistake

It should have read:

Gilbert short sells a share of a nondividend paying stock for $67.
Gilbert also buys a $70-strike 1-year European call on this stock for a premium of $8.
Gilbert closes out his short position in one year.

Quote:
Originally Posted by KyleMoyer View Post
Page 41, question 3.10
Gilbert sells a share for...
Gilbert also buys a strike...
Gilbert sells his share of stock in one year

I'm confused. Where did the share that he's selling come from?
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  #17  
Old 05-17-2017, 05:58 PM
FloatTheBoat FloatTheBoat is offline
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Can anyone comment on the style/difficulty of the 10-pack of Practice Exams?

I want to simulate realistic exam conditions with as many of them as possible, not waste time practicing either easy or ridiculously hard questions.

That also means I don't want to leaf through the 10-pack to look at the problems beforehand.
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  #18  
Old 08-15-2017, 01:00 PM
FreshNess FreshNess is offline
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Is the notation used consistent with ADAPT? Or does for example, one uses "i" for the interest rate in their formulas and the other uses "r"?
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  #19  
Old 08-15-2017, 01:24 PM
dudenarecht dudenarecht is offline
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Quote:
Originally Posted by KyleMoyer View Post
Very minor correction, but skimming through the sample I saw this

"Noah has shorted a share of XYZ stock. The current price of the stock is $100 and the stock pays no
dividends. He is concerned that the price of her stock might go up."

Is Noah a he or a her?

(Like I said a very minor thing that doesn't affect understanding in the least, but it's the type of thing I notice and is easily fixed)
There's nothing to fix. Noah is a gender fluid person and Mahler is just getting with the times, accommodating that.
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