Actex Fm/2 Study Manual, 2014 Edition

This manual is comprehensive and written in an easy-to-understand style. In many cases, it goes beyond an outline and thoroughly explains the more difficult topics. Concepts are introduced in a clear way so that students can quickly understand new topics. Among the many features of this manual are detailed review examples and exercises embedded into the text, additional practice problems at the end of each unit, a key formulas summary, mid-term exams at the end of major topics, and calculator assistance. The manual concludes with eleven sample practice exams. The authors have also created more detailed solutions to the sample financial economics questions posted on the SOA website.This manual also features study tips and exam-taking techniques.This manual has tons of examples that test every aspect that is on the FM exam. The author's explanations are much, much clearer and more straight to the point than the suggested textbook for this exam. -- Christopher ReaumeIn this guide, the traditional interest theory material is covered in Modules 1 - 7 and the financial mathematics material is covered in Modules 8 - 16. Modules 8 - 16 contain lecture notes on the required chapters of the financial mathematics syllabus textbook, Derivatives Markets, and solutions to the odd-numbered homework problems in that text. Answers to the even-numbered problems are available in the student solution manual which you may purchase with the text.The 2014 edition has been updated to reflect syllabus changes necessitated by the 3rd edition of Derivative Markets, which is now the official reference for the exam. The final exams are written in increasing difficulty. The first few exams are easier and should be considered a warm-up. The last few exams are more difficult. By doing all eleven exams, students should be well prepared for their exam. Detailed solutions to these exams are included.