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  #211  
Old 06-13-2017, 06:12 PM
red hoodie14 red hoodie14 is offline
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Has anyone here been taking ASM practice exams? Just curious on what your opinion is on the difficulty of them. Also, would anyone who has passed MFE recommend ASM exams or ADAPT subscription? Thanks!
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  #212  
Old 06-14-2017, 10:11 AM
ToBeAnActuaryOrNotToBe ToBeAnActuaryOrNotToBe is offline
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Originally Posted by red hoodie14 View Post
Has anyone here been taking ASM practice exams? Just curious on what your opinion is on the difficulty of them. Also, would anyone who has passed MFE recommend ASM exams or ADAPT subscription? Thanks!
Nearly everyone here would recommend ADAPT. This is also the first sitting of the new MFE exam. Who knows what the difficulty level is.
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  #213  
Old 06-14-2017, 11:15 AM
Sperez317 Sperez317 is offline
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Originally Posted by red hoodie14 View Post
Has anyone here been taking ASM practice exams? Just curious on what your opinion is on the difficulty of them. Also, would anyone who has passed MFE recommend ASM exams or ADAPT subscription? Thanks!
ASM exams tend to be much harder than the actual exam so I often just find them more demoralizing than helpful. If you can buckle down and pass them you're probably good for the real exam, but I generally only do the first couple in the ASM manual and stick mostly with ADAPT.
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  #214  
Old 06-15-2017, 10:24 AM
Buckeye Menace Buckeye Menace is offline
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I failed MFE in march (had an EL of 10, passed CA level 5 and 6 exams with ease, had an extremely off day) and used Adapt/asm to prepare. I'm using adapt/asm again but I am using a combination of the old ASM manuals from MFE and FM to account for the change in syllabus. However, this time I am noticing Adapt is asking questions to compute rho, vega, and theta. Does anyone that took it in march remember having to calculate these?
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  #215  
Old 06-15-2017, 10:55 AM
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The Disreputable Dog The Disreputable Dog is offline
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I believe that computing the option Greeks is new to the syllabus.
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  #216  
Old 06-15-2017, 01:26 PM
1994 1994 is offline
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Hey guys,

Quick question: When dealing with Monte Carlo Valuation, what's a surefire way to know if to calculate the path of the final stock price or just the average of the simulated stock price to get the final price? I know if they say use one run then we calculate the path but if they don't specify then do we calculate the result based on the average of the simulated stock prices?



Thanks a lot
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  #217  
Old 06-15-2017, 04:39 PM
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Originally Posted by 1994 View Post
Hey guys,

Quick question: When dealing with Monte Carlo Valuation, what's a surefire way to know if to calculate the path of the final stock price or just the average of the simulated stock price to get the final price? I know if they say use one run then we calculate the path but if they don't specify then do we calculate the result based on the average of the simulated stock prices?



Thanks a lot
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  #218  
Old 06-16-2017, 07:55 AM
1994 1994 is offline
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Thank you. Helps a lot!
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  #219  
Old 06-16-2017, 05:05 PM
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Art_Vandelay Art_Vandelay is offline
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how is everyone's studying coming along? we're less than a month away!! time to go super saiyan on the studying

i failed with a 5 in march...was hoping to get this out of the way before the syllabus change, but oh well.
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  #220  
Old 06-16-2017, 05:20 PM
ToBeAnActuaryOrNotToBe ToBeAnActuaryOrNotToBe is offline
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how is everyone's studying coming along? we're less than a month away!! time to go super saiyan on the studying

i failed with a 5 in march...was hoping to get this out of the way before the syllabus change, but oh well.
Not confident right now. I will try to finish the material by the end of next week. The rest of the time will be spent doing practice problems.
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