A.S.M. - Actuarial Study Materials

Exam FM /Exam 2

by Harold Cherry, F.S.A., M.A.A.A.
and Rick Gorvett, F.C.A.S., A.S.A., M.A.A.A,CERA, ARM, FRM, Ph.D.

Description of e-Course	The FM/2 Coaching Actuaries e-Course has been co-developed by ASM and ADAPT to enable student mastery of the FM/2 material. Unlike any online seminar in the market, this e-Course will provide you with: Complete 11th Edition of the ASM Manual available online (non downloadable, non printable). For a detailed description of the ASM manual, including excerpts, see below. More than 27 hours of video instruction and practice problems by Dave Kester, FSA, MAAA, cofounder of ADAPT. Over 30 interactive quizzes. 1,300 practice problems and solutions. Unlimited access to ADAPT. For a detailed description of ADAPT, visit www.coachingactuaries.com. Direct author and instructor support via the Coaching Actuaries exclusive Actuaries4u. A deluxe version of the e-course that includes a paper copy of the complete ASM manual is also available. For more details, including the terms of the subscription, special pricing for students, and any introductory offers, visit www.coachingactuaries.com.
Description of Manual	Online study manuals (eManuals), with distinct benefits over paper manuals, such as practice problems in CBT format, electronic search capability and access to the authors. For more details, visit www.coachingactuaries.com. The authors will answer questions about this manual received from original purchasers of the 11th edition! Just send an e-mail to FM@studymanuals.com and we will answer your questions in a timely manner. The 11th edition of the manual has the following improvements: (1) about 50 ADAPT questions have been added as in-section examples; (2) additional questions on duration, convexity and immunization have been added to the original practice exams because of student feedback that there have been a surprising number of questions on these topics in recent exams; (3) a 6th original practice exam has been added; (4) a new set of Calculator Notes on the Cash Flow worksheet (NPV and IRR) has been added; (5) editorial improvements and corrections of all known errata have been made. This manual gives a comprehensive treatment of all subjects on the syllabus. The concepts are explained in plain English, in a manner that appeals to your intuition and common sense. The manual points out tricks and shortcuts for certain types of problems, warns you about common traps that students fall into and shows you how to avoid them. There is a summary of key concepts and formulas after each topic, followed by problems, with solutions, from all available past SOA and CAS exams dating from the early 1980’s. (This does not include past exams that are readily available on the SOA and CAS web sites.) Six original full-length practice exams consisting of 35 questions each are included. Also included are 9 sets of Calculator Notes giving detailed instructions for using the BA II Plus calculator. Over 750 pages, and over 1,000 problems with solutions.
Co-Author's Background: Harold Cherry, F.S.A., M.A.A.A	Instructor of courses for Actuarial Society of Greater New York for over 25 years. CEO of A.S.M. Was consultant for AXA Equitable for 19 years. Formerly vice president & actuary at New York Life.
Co-Author's Background: Rick Gorvett, F.C.A.S., A.S.A., M.A.A.A, CERA, ARM, FRM, Ph.D.	Director of the actuarial science program, and the State Farm Foundation Scholar in Actuarial Science at the University of Illinois at Urbana-Champaign. Teaches and does research in the areas of actuarial science, financial risk management and enterprise risk management, and has a Ph.D. in finance. Prior to entering academia, worked in these areas for several insurers and consulting firms.