The ACTEX DVD exam-preparation seminar for Exam FM/2 is a recorded version of an ACTEX exam-preparation seminar. The instructors provide an in-depth review of the syllabus material and illustrate concepts with practice problems and past exam questions. Emphasis is placed on problem-solving techniques and exam preparation.
Recorded with Dolby digital sound, the recordings are dual layered, with each DVD containing twice as much information as our initial versions. All DVDs are packaged in one case for ease of transporting.
There are extensive interactive menus, allowing the student to easily and quickly move to any major topic or sample problem.
Please be aware that the content of this DVD is identical to the content of our ACTEX FM/2 On Demand Webcast. The Webcast has a greater visual clarity than the DVD and greatly enhanced browsing functionality. If you have access to a high speed internet connection, you may wish to consider purchasing the ACTEX FM/2 On Demand Webcast.
The advantage of purchasing this seminar on DVD versus purchasing our new ACTEX On Demand Webcast is that the DVD can be viewed on a computer, a DVD player or a portable DVD device. You do not need access to a high speed internet connection and you do not need to be online to view the DVD.
STUDENT COMMENTS from the live Exam FM/2 Seminar
"This seminar was extremely beneficial to my study process. I now have a clear and organized game plan for the exam."
"Absolutely the best instructors I've ever encountered."
"Excellent Job! Very good review of material. I feel like the professors really knew exactly what were the important things to concentrate on before the exam."
"Excellent instructors. Very clear, knowledgeable, and logical."
"I'll feel a lot more confident taking the exam."
STUDENT COMMENTS on the FM/2 DVD
The ACTEX Materials for exam FM were beyond excellent. I had taken FM before and I scored a 0. I used the Actex Videos by London, and made a passing score this past Spring. It was extremely efficient material to study from. Probably just 2-4 hours a day on average for about 6 months. -- Steve, Exam FM/2 Student
"ACTEX is truly a great resource for Actuarial Exams!" -- Meng, Exam FM/2 Student
Email Access to the Instructors
E-mail clarification on the DVD material is available with the purchase of this DVD. Please send your questions to: retail@actexmadriver.com .
You will receive a thorough response to your technical questions in a timely fashion.
There are no returns on this product.
3 Discs - Run Time: 12 hours, 30 minutes.
Please note: It has come to our attention that illegally copied, very poor-quality ACTEX Seminar DVDs are being sold. Please be aware of this when making purchases of used ACTEX DVDs.
Author: Richard L. London, FSA Richard (Dick) London, FSA has taught Actuarial Science at several universities since 1968, he is the retired Director of Actuarial Science at the University of Connecticut. He has often taught courses in Interest Theory and Life Contingencies throughout his long career. Mr. London is the author of several ACTEX study manuals and textbooks.
Author: Nicholas Mocciolo, FSA, FRM Nicholas Mocciolo is Vice President and Derivatives Trader at a large insurer, where he works on the modeling, valuation, trading, and strategic use of equity and fixed income derivatives in support of the risk management initiatives of his firm. He is the author of multiple titles in the ACTEX suite of study manuals. He graduated Summa Cum Laude from the University of Connecticut with a B.S. in Mathematics, and has also earned an M.S. in Mathematics from The University of Connecticut and an M.S. in Operations Research from Columbia University. In addition to achieving the FRM and CQF designations, Mr. Mocciolo attained his Fellowship in the Society of Actuaries in May 2004, with the notable distinction of having passed all of his actuarial exams on the first attempt.
Table Of Contents:
Disc One
Introduction
Accumulation Function
Amount Function
Effective Rate of Interest
Effective Rate of Discount
Simple Interest
Compound Interest
Present Value
Nominal Rate of Notation
Equivalence of Rates
Force of Interest
Basic Concepts
Sample Questions
Annuity-Immediate
Annuity-Due
Perpetuity
Unknown Time (Balloon & Drop)
Unknown Interest Rate (Calculator Usage)
General Annuities
m-thly Annuities
Continuous Annuities
Varying annuities
Disc Two
Sample Questions
Yield Rate Determination
Effect of Reinvestment
Sinking Fund Valuation
Dollar-Weighted Yield
Time-Weighted Yield
Sample Questions
Investment Year/Portfolio Rates
Sample Questions
Continuous Model
Accumulation Method
Interest Only Method
Amortization Method
Outstanding Balance
Amortization Schedules
Other Properties
Sinking Funds
Bonds: Terminology & Notation
Bond Price
Premium & Discount Amortization & Accrual
Off-Coupon-Date Values
Yield Rate Determination
Callable Bonds
Theoretical Stock Price
Survey of Modern Financial Instruments
Effects of Inflation
Yield Curves
Immunization & Asset Liability Matching
Volatility
Convexity
Immunization
Duration
Asset/Liability Matching
Sample Questions
Disc Three
Introduction to Derivatives
Introduction to Forwards
Option Strategies
Risk Management
Forwards and Futures
Swaps