Acturial Study Materials

ASM Study Manual for SOA MFE, 10th Edition - Third Printing with StudyPlus+ (online study tools)

By: Weishaus

Edition:10th Edition - Third Printing


This edition of the manual is appropriate for the March 2018 SOA Exam MFE

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    • Access to content on up to four devices

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    • Use off-line for up to 5 days at a time


Printed manual is printed on the back and front of three-hole punch paper. Pages ar shrink-wrapped together.

Reselling, sharing or committing other copyright violations is not allowed. Copyright infringement is a violation of the SOA Code of Professional Conduct and can result in discipline procedures. 

Manual includes StudyPlusdigital access to:

  • Virtual eFlashcards

  • Digital formula sheet

  • Actuarial exam and career strategy guides

  • Technical skill eLearning tools

  • Samples of Supplemental Texts & Study Tools

  • And more!

StudyPlus+ access codes are provided within printed study manuals on a fluorescent yellow or green page inside, near the front of the manual and are emailed to customers of the digital-only study manuals. Emailed codes will arrive shortly after confirmation of a digital manual (or bundle) order; please check all junk, spam or bulk folders to be certain the message is not misfiled upon delivery. 

Reminder - last SOA MFE exam sitting is March 9-15, 2018
SOA Exam Schedule for Computer-Based Testing (CBT) 2018


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, Third Printing 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.

The third printing of the manual includes corrections of all errata known at the date of publication. 

If you sit the March 2018 exam and do not pass, you may request a 6-month license to the ASM Study Manual for SOA IFM Exam, 1st ed, digital. Student must submit:

  • Proof of Original Purchase of the ASM MFE 10th/3rd study manual, purchased through The Actuarial Bookstore or your school bookstore

  • Proof of non-Passing grade for the March 2018 MFE exam sitting



Abraham Weishaus, Ph.D., FSA, CFA, MAAA

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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