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

ERRATA

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


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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!


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STUDY MANUAL:

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.


NEW FOR SPRING 2018:
The third printing of the manual includes corrections of 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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Actuarial Study Materials

ASM has been helping students prepare for actuarial exams since 1983. We offer study materials for Exams P/1, FM/2, MLC, MFE/3F, C/4, S and EA-1, EA-2F and EA-2L, written by an outstanding team of authors. ASM Products are sold at ACTEX | Mad River Books, The Actuarial Bookstore and Coaching Actuaries.