ASM Study Manual for Exam MFE- Financial Economics - 10th Ed.

By: Weishaus

Edition:10th Edition

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PLEASE NOTE:   THIS MATERIAL IS APPROPRIATE IF YOU ARE TAKING THE JULY 2017 MFE EXAM OR LATER.  MATERIAL FOR THE MARCH 2017 EXAM 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. In its 22 lessons, the following topics are reviewed:



  • Forwards and futures

  • Options and option strategies

  • Put-call parity

  • Binomial trees

  • Modeling stock prices with the lognormal distribution

  • The Black-Scholes formula

  • Greeks and risk management through delta and delta-gamma hedging

  • Exotic options

  • Monte Carlo valuation

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


The 10th edition has over 700 pages, about 100 examples and 70 in-lesson exercises, and about 480 end-of-lesson exercises, 370 of them original, 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, the McDonald textbook is referenced in each lesson if you wish to use it. This printing of the manual incorporates 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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