Prepare across both FRM parts with risk-management practice, detailed explanations, videos, and progress insights that give your next study session a clear focus.
A stock has a beta of 1.5 with the market portfolio. The risk-free rate is 6.0% per year and the expected market return is 10.0% per year. According to the CAPM, the stock's expected return is ___.
Choose an answer to see the calculation or professional judgment behind it.
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Lessons
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Explore a sample from FRM Part I.
Start FreeFRM Part I / Credit risk / Sample lesson
A simple expected credit loss calculation combines the probability of default, the share lost if default occurs, and the exposure at default. Keep the probability and loss percentage in decimal form.
Expected loss = PD × LGD × EAD
For example, a 2% probability of default, 40% loss given default, and $100,000 exposure produce an expected loss of $800 over the period.
Video lectures
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Explore a sample from FRM Part I.
Start FreeFlashcards
Pause on the question before revealing the answer. Review the reasoning and example, then carry that concept into your practice.
Explore a sample from FRM Part I.
Start FreeFRM Part I · Flashcards: question
Click the card to reveal the answer.
Inside MiloPrep
Explore question insights, detailed answer explanations, and result analysis from FRM practice in the app.
Question insights
Connect the question to its topic, skill, and underlying concepts. Question insights put the context beside the practice so you can see what to work on.
FRM Part I · Question insightsView full sizeDetailed explanations
A score tells you whether you were right. A useful explanation shows how to reason through the next question. Review the logic behind the answer and why each distractor falls short.
FRM Part I · Detailed explanationsView full sizeResult analysis
Find recurring errors in your risk reasoning and compare performance by skill. Use the results to choose the concepts that deserve another pass.
FRM Part I sample session · Result analysisView full sizePractice quantitative foundations, markets, and applied risk management. Work through the assumptions and interpretation behind each answer.
Use video lectures and study materials in the FRM library to revisit a concept, then bring it back into your practice.
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Know the exam
Two multiple-choice parts spanning risk foundations, measurement, markets, and applied management.
Components
2
Average component time
240 min
Question delivery
Multiple choice
240 minutes · Multiple choice
240 minutes · Multiple choice
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46+ hours
46+ hours
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Multiple-choice questions with answer explanations.
100 questions total
Full FRM question bank
Full FRM question bank
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