Convertible bonds generally have to carry a higher coupon than on equivalent non-convertible securities to make them attractive to investors A. I and II C. II and III. View Answer. Therefore statement I is false. It is advantageous for the issuer to call its convertible securities when the share price exceeds the conversion price — because these shares can instead be sold in the market at the higher share price than the lower conversion price.
Statement II is true. Therefore statement III is right. Statement IV is incorrect because convertible bonds need to pay less coupon than equivalent non-convertible bonds because of the value of the option embedded in them. Your email address will not be published. Either you can complete all exams in one day or in four separate modules, which can be taken in any order over a period of up to two years.
You can retake any failed exam but must wait 60 days from the date of the failed exam. You need to pass all four examinations, need to hold a membership in PRMIA, and be required to meet the minimum experience requirements. You can take the exams in any order over a period of up to two years.
You could wonder PRM really worth the efforts, time, and money. And surely you must have a good thought over this to make a quick comparison between what you invest and finally get in return after the completion of the program.
Below I have listed down the main reasons why you should pursue PRM —. The exams conducted by PRMIA are computer-based, consisting of multiple-choice questions that are drawn randomly from the exam database according to the syllabus order and weightings.
It helps PRMIA to examine the accurate details of questions by administering and evaluating the time taken by candidates to answer each question. It is an online exam and is conducted in more than countries consisting of nearly locations. There is no negative marking. This exam consists of 24 multiple choice questions, and the time duration for this exam is 1 hour.
In order to take the PRM exam, you must purchase a voucher, which is your ticket to schedule your exam with the testing center, Pearson VUE. The PRM exam comprises of 4 exams.
PRMIA sells 4 exam vouchers along with the required study material i. The above diagram depicts the range of the passing rate of PRM Exams. Merely studying for PRM exams and practicing the sample exam papers will not be sufficient for you to crack the PRM exams.
You will be required to keep yourself updated by reading industry magazines, company policies and procedures, reading risk reports, attend risk management conferences, academic journals, attending PRMIA Chapter Meetings, etc. Keep in mind that it is extremely important to finish the exam in the time allotted. In order to finish the exam in the allotted time frame follows the below steps:.
If you had appeared or taken one or more edition PRM exams, you need to take care of additional maintenance for PRM designation as these requirements have been made essential to ensure the commitment towards risk knowledge base current.
Listed below are the things which the PRM holder needs to take care of:. PRMIA provides scholarship opportunities to the members of the low-income groups in order to support their study for risk management. Today many aspirants from the low-income groups have also appeared for the PRM designation due to scholarship exams.
If you learned something new or enjoyed the post, please leave a comment below. Let me know what you think. Many thanks, and take care. Happy Learning! I am really impressed with the information provided by you. I have total 5 years of experience after MBA.
I have good grasp on derivatives and understanding of financial markets. I was confused between PRM and FRM but finally closed on to PRM because its self paced and relevant experience is not required for the charter correct me if i am wrong.
Your reply would be very helpful. Thanks in Advance. Thanks for your questions.
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