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Financial Mathematics Old FM Forum

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  #1  
Old 07-04-2018, 12:08 AM
hec-actu-tombe hec-actu-tombe is offline
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Default ASM 12th or 13th ed? October sitting

Hey guys! I plan to do the FM exam in October and I notice that there is a new ASM edition with a few changes for that sitting :

1) The topic of sinking funds has been removed from the syllabus

2) A new learning objective has been added requiring students to be able to calculate the present value of a set of cash flows, using a yield curve developed from forward and spot rates


Obviously the 1) is not a problem, but I was wondering if its worth buying a new manual only for the 2). What manual do you plan on using? Thank you!
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Old 07-10-2018, 12:27 AM
Shakeela Shakeela is offline
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Quote:
Originally Posted by hec-actu-tombe View Post
Hey guys! I plan to do the FM exam in October and I notice that there is a new ASM edition with a few changes for that sitting :

1) The topic of sinking funds has been removed from the syllabus

2) A new learning objective has been added requiring students to be able to calculate the present value of a set of cash flows, using a yield curve developed from forward and spot rates


Obviously the 1) is not a problem, but I was wondering if its worth buying a new manual only for the 2). What manual do you plan on using? Thank you!
I don't think it'd be an efficient use of your money to buy a whole manual just for that. Just make sure you do some practice problems on it. It's not a difficult concept to understand once you see a few examples.

Good luck!
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Old 07-11-2018, 12:26 PM
hec-actu-tombe hec-actu-tombe is offline
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Thank you for your answer! I will probably use my 12th edition and practice with ADAPT in order to be exposed to the new learning objective.
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