考前练习FRM真题有必要吗？

发布时间：2022-03-25 09:38来源： 融跃教育FRM

FRM真题是历年FRM考试的题目，是FRM考试的重难点地方，因此建议考生在考前能够进行至少三套真题的练习，并对真题的知识点进行总结，帮助自己进行提升！

According to the Merton model, which of the following most accurately describes the value of a firm’s debt? The value of the:

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A) Firm and a long call on the value of the firm.

B) Firm’s equity and a long call on the firm.

C) Firm and a short call on the value of the firm.

D) Firm’s equity and a short call on the firm.

答案：C

解析：Using the Merton model, the value of debt (DT) is the value of the firm (VT) less a call option on the value of the firm.

The spread on a one-yearArated Bond relative to the risk-free treasury is 2.4%.All non-credit factors among it is about 0.8%.Assuming the LGD is 80%, what is the implied PD for this bond?

A) 3.33%

B) 5.00%

C) 3.00%

D) 2.00%

答案：D

解析：CS = 0.024 - 0.008 = 0.016   PD = 0.016/0.8 = 0.02

The KMV model:

A) Assigns a probability to a firm to indicate its likelihood of default by using the cumulative normal distribution, like the Merton model.

B) Assigns a probability to a firm to indicate its likelihood of default by using the cumulative normal distribution, which distinguishes it from the Merton model.

C) Does not use the cumulative normal distribution to assign a probability to a firm to indicate its likelihood of default, which distinguishes it from the Merton model.

D) Does not use the cumulative normal distribution to assign a probability to a firm to indicate its likelihood of default, like the Merton model.

答案：C

解析：The Merton model uses the cumulative normal distribution to determine the probability of default. The KMV model uses a proprietary algorithm that is not known to the public.

如果想要获得更多关于FRM考试的真题解析，点击在线咨询或者添加融跃老师微信（rongyuejiaoyu）！

能够顺利获得FRM证书也是考生参加考试的初衷，FRM证书是需要考生自己向协会申请的，如何申请FRM证书？具体需注意什么？随融跃小编往下看！

GARP协会规定，只要满足以下三点，即可申请FRM证书：

通过FRM考试Part I和FRM考试Part II；

两部分考试需在四年内全部通过；

证明自己拥有两年金融风险管理相关工作经验。

协会认可的金融风险管理工作领域都包括：在金融风险管理或其他相关领域至少有两年的专业全职工作经验，包括但不限于：交易，投资组合管理，教师学术，行业研究，经济学，审计，风险咨询和/或风险技术。

协会表示，一旦考生二级通过，就可以在“我的程序”账户的仪表板提交两年的专业、全职工作经验。

你需要用300字左右描述你的工作。里面包含至少4-5个句子描述你在日常工作中如何管理财务风险。

需要注意的是，通过FRM一级和二级考试后，你有5年的时间来完成自己申请证书的相关行业工作经验，一旦没能在5年之内完成工作经验验证，就必须重新参加考试。

希望以上的内容对你有所帮助！如果您想了解更多FRM考试相关问题，添加融跃FRM老师微信（rongyuejiaoyu），给您专业的指导帮助！