ASM Study Manual for Exam MFE- Financial Economics - 9th ed, Twelfth Printing [For Use on March 2017 Exam ONLY]

By: Weishaus

Edition:9th ed, Twelfth Printing

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PLEASE NOTE:  THE SOA MFE EXAM SYLLABUS FOR THE JULY 2017 EXAM WILL BE MODIFIED.  THIS MATERIAL IS APPROPRIATE IF YOU ARE TAKING THE MARCH 2017 MFE EXAM.  INFORMATION REGARDING THE MATERIAL FOR THE JULY 2017 IS AVAILABLE SEPARATELY.


ELECTRONIC MATERIAL: PDF is DRM protected. Please be sure you can install Adobe Digital Editions FREE software or a compatible application, like DL Reader, and authorize the software to your computer/device using an Adobe ID of your choosing, prior to purchasing this material. DRM Restrictions include: 9-month license, 30% Printing (one time only, on primary device), NO Copying. NO RETURNS OR REFUNDS/EXCHANGES


 


This manual offers comprehensive coverage of the syllabus for Exam MFE/3F. In its 26 lessons, the following topics are reviewed:



  • Put-call parity

  • Binomial trees

  • Modeling stock prices with the lognormal distribution

  • The Black-Scholes formula

  • Exotic options

  • Monte Carlo valuation

  • Brownian motion and Ito’s lemma

  • Interest rate models, including the Black-Derman-Toy model


 The 9th edition -Twelfth printing has over 800 pages, about 120 examples and 90 in-lesson exercises, and about 450 end-of-lesson exercises, all with complete solutions. Also, the manual has 11 original 30-question practice exams (an additional 330 questions), with detailed solutions. While this manual will be adequate for Exam MFE/3F, the McDonald textbook is referenced in each lesson if you wish to use it. The 9th edition – Twelfth Printing incorporates all changes made to the syllabus for the March 2017 edition as well as corrections to all errata known at the date of publication.


 


AUTHOR INFORMATION:


Abraham Weishaus


Formerly financial reporting actuary for Guardian Life Insurance Company. Served on the SOA’s Education and Examination Committee for 11 years. Taught exam preparation courses for the Actuarial Society of Greater New York (ASNY) for 15 years and for CAMAR for 6 years. Currently is an adjunct professor at Columbia University and teaches exam preparation courses at St. Johns University.


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