Description of e-Course

The MFE/3F Coaching Actuaries e-course has been co-developed by ASM and ADAPT to enable student mastery of the MFE/3F material.  Unlike any online seminar in the market, this e-Course will provide you with:

• Complete 9th Edition of the ASM Manual available online (non-downloadable, non-printable). For a detailed description of the ASM manual, including excerpts, see below.
• Many hours of video instruction by Abe Weishaus, author of ASM’s MFE/3F manual.
• 480 exercises, with video solutions to about half of them, and 94 quizzes
• Unlimited access to ADAPT. For a detailed description of ADAPT, visit www.coachingactuaries.com.
• Direct 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 available date, the terms of the subscription, special pricing for students, and any introductory offers, visit www.coachingactuaries.com.

Description of Manual - Exam MFE/3F

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.

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 has over 800 pages, about 120 examples and 90 in-lesson excercises, 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.

In the 9th edition all calculations using the normal cumulative distribution function have been redone to 5 decimal places, consistent with the Prometric normal distribution calculator provided at the exam. Many practice exam questions have been reworded in a style more similar to the actual exam. Duplicate and defective practice exam questions have been replaced. Also, corrections of all errata through the date of publication have been incorporated.

Description of Flashcards - Exam MFE/3F

Flashcards help you review and learn important formulas and concepts.

The ASM MFE/3F flashcard package contains about 250 cards covering the formulas and concepts of the course. Each card is categorized by topic, allowing you to limit your review to selected topics. Each card also has a cross-reference to the lesson, page, and formula or table number (where applicable) in the ASM MFE/3F manual, 9th edition (first or second printing). Students with older editions can use the table that is provided in the package to translate the lesson numbers to the corresponding lesson numbers in their edition.

A unique feature of these cards is a rating system, indicating the relative importance of each card.

Author’s Background:
Abraham Weishaus, Ph.D., F.S.A., CFA, M.A.A.A.

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 teaches exam preparation courses at St. John's University.