General Cash Flows and Portfolios
AnalystPrep’s Actuarial Exams Preparation Materials For our question bank, study notes, quizzes, and all our video lessons: https://analystprep.com/shop/learn-practice-package-for-soa-exam-fm/ After completing this chapter, the candidate will be able to: Define and recognize the definitions of the following terms:inflation and real rate of interest,…
Bonds
AnalystPrep’s Actuarial Exams Preparation Materials For our question bank, study notes, quizzes, and all our video lessons: https://analystprep.com/shop/learn-practice-package-for-soa-exam-fm/ After completing this chapter, the candidate will be able to: Define and recognize the definitions of the following terms: price, book value, amortization of…
Loans
AnalystPrep’s Actuarial Exams Preparation Materials For our question bank, study notes, quizzes, and all our video lessons: https://analystprep.com/shop/learn-practice-package-for-soa-exam-fm/ After completing this chapter, the candidate will be able to: Define and recognize the definitions of the following terms: principal, interest, term of loan,…
Annuities/cash flows with non-contingent payments
AnalystPrep’s Actuarial Exams Preparation Materials For our question bank, study notes, quizzes, and all our video lessons: https://analystprep.com/shop/learn-practice-package-for-soa-exam-fm/ After completing this chapter, the candidate will be able to: Define and recognize the definitions of the following terms:annuity-immediate, annuity due, perpetuity, payable m-thly…
Time Value of Money
AnalystPrep’s Actuarial Exams Preparation Materials For our question bank, study notes, quizzes, and all our video lessons: https://analystprep.com/shop/learn-practice-package-for-soa-exam-fm/ After completing this chapter, the candidate will be able to: Define and recognize the definitions of the following terms: interest rate (rate of interest),…
Black Scholes Option Pricing Model
After completing this chapter, the Candidate will be able to: Explain the properties of the lognormal distribution and its applicability to option pricing. Calculate lognormal based probabilities and percentiles for stock prices Calculate lognormal based means and variances of stock…
The Binomial Models
After completing this reading, you should be able to: Explain the concept of no-arbitrage and the risk-neutral approach to valuing derivative securities Understand the concept of no-arbitrage when comparing actual and synthetic calls or when comparing actual and synthetic puts….
General Properties of Options
After completing this reading, you should be able to: Explain the cash flow characteristics and terms relating to various options Define and recognize the following terms relating to option classification: call and put options, expiration date, strike price, moneyness, and…
Option Greeks and Risk Management
After completing this reading, you should be able to: Explain the calculation and use of option price partial derivatives. Compute and interpret Option Greeks, including Delta, Gamma, Theta, Vega, Rho, and Psi. Compute the elasticity, Sharpe ratio, and risk premium…
Introductory Derivatives – Forwards and Futures
After completing this reading, you should be able to: Describe the characteristics and terms of the main derivative instruments (including forwards and futures). Distinguish between long and short positions for both assets (including short selling of stocks) and derivatives on…
