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  #1  
Old 03-29-2018, 02:39 PM
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Default July 2018 IFM Exam

Will this forum remain for the MFE replacement or is there a successor forum out there? Figure I would just leave this here just in case this remains the gathering point (possible to re-name this forum?).
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Old 04-03-2018, 11:51 AM
Coffeedrinkerr Coffeedrinkerr is offline
 
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Anyone figure what resources to use for this sitting ? Im still on the border if im going to take it for this sitting depending on time, adequate study material and time lol
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Old 04-03-2018, 11:56 AM
Leofwyen Leofwyen is offline
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I'm using the ASM manual and I'll probably get ADAPT when I'm further along. I've been falling into some procrastination lately though.
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Old 04-03-2018, 12:21 PM
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Quote:
Originally Posted by Leofwyen View Post
I'm using the ASM manual and I'll probably get ADAPT when I'm further along. I've been falling into some procrastination lately though.
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Originally Posted by Coffeedrinkerr View Post
Leofwyen, how is ASM Manual ? Is it explaining the material in understandable detail? are the problems helpful towards the given exam practice problems ?
I am using ASM as well, and I feel in the same boat as you. I think most of it is way AW delivers the material - feels a bit more intuitive than I can pick up right away. I should have learned my lesson with the MLC ASM manual. I am debating supplementing this with ADAPT.

Anyone else feel this way regarding ASM? Any advice on how to absorb the material more efficiently?
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Old 04-11-2018, 01:01 AM
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Originally Posted by Leofwyen View Post
I'm using the ASM manual and I'll probably get ADAPT when I'm further along. I've been falling into some procrastination lately though.
Same here. I'm using the ASM manual but supplementing it with the required books (Derivatives Markets + Corporate Finance + SOA study notes) as some explanations seem a bit confusing if you're not familiar with the concepts. I'll use ADAPT once done with the exercises in ASM.
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Old 04-03-2018, 12:14 PM
Coffeedrinkerr Coffeedrinkerr is offline
 
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Leofwyen, how is ASM Manual ? Is it explaining the material in understandable detail? are the problems helpful towards the given exam practice problems ?
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Old 04-03-2018, 02:28 PM
Coffeedrinkerr Coffeedrinkerr is offline
 
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Im thinking of taking a different approach for this exam with the CA video package to learn the material then adapt. Bit steep but could be worth it if it helps me expedite learning in the timeframe ill most likely have. Still gauging every angle right now tho

Has anyone gone this route and shed some light ?
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Old 04-12-2018, 04:57 PM
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Quote:
Originally Posted by Coffeedrinkerr View Post
Im thinking of taking a different approach for this exam with the CA video package to learn the material then adapt. Bit steep but could be worth it if it helps me expedite learning in the timeframe ill most likely have. Still gauging every angle right now tho

Has anyone gone this route and shed some light ?
I'm currently using the CA package (manual + video + ADAPT). So far I feel the material is easy to follow, which allows me to go through the content faster (I didn't use CA manual for FM/P and I can tell the difference - it took me much more time to finish learning all concepts). Agree that it's steep though.
Will update more after I take the exam this July
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Old 04-15-2018, 02:54 PM
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Would someone be kind enough to provide a little more detail on how to calculate the covariance for example 5D to the IFM ASM manual 1e1p on page 64? How is the answer .00257? I keep getting a different answer and I have gone so far as creating a table of all the intermediate calculations - see attached.

Basically took the differences between the return of a stock and its respective average (expected) return, multiplied both differences, summed them all up, and divided by one less than the number of observations. I keep getting .001476.

Any help would be appreciated. Thank you.
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Old 04-15-2018, 05:53 PM
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Originally Posted by ngxxx081 View Post
Would someone be kind enough to provide a little more detail on how to calculate the covariance for example 5D to the IFM ASM manual 1e1p on page 64? How is the answer .00257? I keep getting a different answer and I have gone so far as creating a table of all the intermediate calculations - see attached.

Basically took the differences between the return of a stock and its respective average (expected) return, multiplied both differences, summed them all up, and divided by one less than the number of observations. I keep getting .001476.

Any help would be appreciated. Thank you.
This is probably an error. Based on the stock prices in your image, I got the same answer for covariance as yours, which is 0.00147551. You can report this error to Abe at mail@studymanuals.com.
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