在FRM考试中有大量的计算题，考生一定要记住相关的公式，并且会熟练运用！另外，近日有考生咨询，FRM真题，考生有必要做吗？
关于FRM真题，考生一定要做练习，尤其是近几年的FRM真题！下面是小编列举的相关真题，一起了解一下！
According to the market price, deviations for puts and calls from BSM prices indicate:》》》戳：免费领取FRM各科视频讲义+历年真题+21年原版书（PDF版）
A) Implied volatility is the same for both put and call.
B) Moneyness is the same for both put and call.
C) Implied volatility is different for put and call.
D) Moneyness is different for put and call.
答案：A
解析：According to the put-call parity, the implied volatility is the same for both put and call.
Which of the following statements best characterizes the differences between
the Ho-Lee model with drift and the lognormal model with drift?
A) In the Ho-Lee model and the lognormal model the drift terms are multiplicative.
B) In the Ho-Lee model and the lognormal model the drift terms are additive
C) In the Ho-Lee model the drift terms are multiplicative, but in the lognormal model the drift terms are additive
D) In the Ho-Lee model the drift terms are additive, but in the lognormal model the drift terms are multiplicative.
解析：The Ho-Lee model with drift is very flexible, allowing the drift terms each period to vary. Hence, the cumulative effect is additive. In contrast, the lognormal model with drift allows the drift terms to vary, but the cumulative effect is multiplicative.
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）！
