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 Investment / Financial Markets Old Exam MFE Forum

#11
01-11-2008, 11:00 AM
 quintus_ch Member Join Date: Nov 2007 Studying for GHSpecialty Posts: 186

Quote:
 Originally Posted by colby2152 It's not perfect, but it's pretty thorough, and I believe my equations sheet at the very end is pretty accurate. Jraven and anyone else, feel free to review and comment on changes/upgrades to MFE study guide.
I'm very interested in using your study guide as I prepare for MFE. Before I do I am wondering how it worked out for everyone else who used it... did everyone pass?
#12
01-22-2008, 11:15 AM
 quintus_ch Member Join Date: Nov 2007 Studying for GHSpecialty Posts: 186

Well, it's been about 10 days since I posted this with no response. So I guess that means that everyone has moved on to MLC (or C) because they passed.
#13
01-22-2008, 11:59 AM
 volva yet Note Contributor Join Date: Feb 2006 Location: Nomadic Studying for GHC/DMAC College: PSU '07 Favorite beer: Oskar Blues Old Chub Scotch Ale Posts: 4,949

Quote:
 Originally Posted by quintus_ch Well, it's been about 10 days since I posted this with no response. So I guess that means that everyone has moved on to MLC (or C) because they passed.
Well, the creator (me) of that study guide didn't pass. That doesn't mean that the material and explanations are wrong, it just means that I could have studied more. I was also taking MLC at the time, and I passed that exam. Therefore, expect a newly polished study guide for Spring 2008.
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Good Einstein quote - "One had to cram all this stuff into one's mind for the examinations, whether one liked it or not. This coercion had such a deterring effect on me that, after I had passed the final examination, I found the consideration of any scientific problems distasteful to me for an entire year."
#14
01-22-2008, 01:23 PM
 cubs1908 Member Join Date: Nov 2006 Posts: 1,209

Although a few errors in the 1st draft, Colby's notes are very good. I did not use Colby's notes to prepare, but it may help you grasp the material better. I definitely suggest you supplement his notes with another source (Mahler, ASM, Actuarial Brew, etc). Best of luck!
#15
02-11-2008, 02:02 PM
 AKD Member Join Date: Feb 2008 Posts: 36
Recommendations anyone??

What study aid would you guys recommend for the MFE...Actex, ASM...??? And I intend to take either MLC, AFE/ERM, APM or CAS 8. Any recommendations as to what to take with the MFE in May? Suggestion on study material would any of the above would be appreciated. (I already have and MBA, and the FRM...passed the P and FM in last sitting
#16
03-02-2008, 09:33 PM
 cinderella Join Date: Feb 2008 Posts: 1

Quote:
 Originally Posted by colby2152 Thanks for the compliments, but that's a bit over my head, especially at this point in my career. I was doing it to help myself while studying, and didn't make it public on the AO till it was finished. I do enjoy teaching, but my explanations can be loose at times, and any writings involve some fine tuning. Nevertheless, I have a lot of interest in creation of an online study guide such as TIA for math courses such as algebra, trig, calculus, and basic stats.
thanks~
#17
04-07-2008, 10:21 AM
 kirghizstan Member Join Date: Mar 2005 Location: NorthEast Favorite beer: Yuengling Traditional Lager Posts: 840

have any found errors in Colby's study notes gone uncorrected? If so what are they? Thanks
#18
04-30-2008, 04:26 AM
 siomai_lover Member SOA Join Date: Jul 2007 Location: Martingale Road, besides SOA office Studying for Life! Favorite beer: Carabao's Milk Posts: 244

Colby,
It really helps.

Goodluck!!!
#19
05-05-2008, 08:23 PM
 siomai_lover Member SOA Join Date: Jul 2007 Location: Martingale Road, besides SOA office Studying for Life! Favorite beer: Carabao's Milk Posts: 244

Attached is my notes on what are the possible profits for the following arbitrage on non-dividend paying stocks:
$C_{EUR}(S, Ke^{r(T-t)}, T) < C_{EUR}(S, K, t)$
$P_{EUR}(S, Ke^{r(T-t)}, T) < P_{EUR}(S, K, t)$
Attached Files
 Time to Expiry.doc (66.0 KB, 2602 views)
#20
05-07-2008, 04:44 PM
 Valkyrie Member Join Date: May 2007 Posts: 63

I think I found 2 errors.

1. p7 the u and d formulae are missing an h

2. p12 I don't believe that d(lnX(t)) = dX(t)/X(t). I'm still not sure why this is incorrect but looking at the solution to the sample question 12
d(lnX) = (alpha - .5*sigma^2)dt + sigma dZ

Also, disregard perpetual options and add S^a claims