Soa Exam Fm: Financial Mathematics (Part 2 Of 2) [Actuarial]

Part 2 of 2 courses covering the content of SOA Exam FM/CAS Exam 2

What you'll learn

Prepare for Society of Actuaries (SOA) Exam FM (Financial Mathematics) [This is part 2, please enrol for part 1 as well]

Understand key concepts concerning bonds, and how to perform related calculations

Understand key concepts concerning yield curves, rates of return, and measures of duration and convexity, and how to perform related calculations

Understand key concepts concerning cash flow matching and immunization, and how to perform related calculations

Requirements

Expected to know all of the materials from Part 1 of this course

Description

Suitable for students looking for an in-depth understanding of concepts tested in SOA Exam FM/ CAS Exam 2.All of the course objectives for SOA Exam FM are covered in depth in this course.Also suitable for actuarial students and practitioners who are looking to brush up their understanding of Financial Mathematics.Part 2 covers the following course objectives:Course Objective 4: BondsCourse Objective 5: General Cash Flows & PortfoliosCourse Objective 6: ImmunizationCourse Objective 7: Interest Rate SwapsExam FM is a pre-requisite for Exam FAM-L and Exam ALTAM and other upper level SOA exams.Please be sure to refer to the SOA and CAS websites for the most current details regarding the exams. About the InstructorI am very passionate about actuarial science and education, and have been actively involved in the actuarial education scene for many years. I have been tutoring students for SOA (Society of Actuaries) exams for 5 years, and have volunteered as the Education Chairperson for the Actuarial Society of Malaysia from 2018 to 2020.I have also lectured in a number of universities, including Inti International University & Colleges, Universiti Malaya and UCSI University. I am also currently an Industry Advisor at the Asia Pacific University (APU).I actively volunteer to speak to students about actuarial science, and do mentor students.

Overview

Section 1: Bonds

Lecture 1 Bond Valuation

Lecture 2 Bond Amortization & Callable Bonds

Lecture 3 Tutorial - Bonds

Section 2: General Cashflows & Portfolios

Lecture 4 Measuring the Rate of Return on an Investment

Lecture 5 Spot Rates, Forward Rates & Stock Valuation

Lecture 6 Duration

Lecture 7 Approximations of Present Value & Tutorial

Section 3: Immunization

Lecture 8 Immunization - Exact & Redington

Lecture 9 Full Immunization & Tutorial

Section 4: Interest Rate Swaps

Lecture 10 Interest Rate Swaps (1 of 2)

Lecture 11 Interest Rate Swaps (2 of 2)

Lecture 12 Tutorial - Interest Rate Swaps

Students preparing for Society of Actuaries (SOA) Exam FM / Casualty Actuarial Society (CAS) Exam 2,Students interest in learning the principles of Time Value of Money, Annuities, Bonds, Loans and Matching