Hey! I just wanted to say that I couldn’t have passed P without you. Thank you so much!! I hope you haven’t been posting because you’re life is so wonderful and busy :)
Wow this is amazing. This gets me so pumped for learning the upcoming material. Been studying for both P and FM the last few months now and after I take (and hopefully pass) those I’m gonna jump right into this fun stuff haha. Are we gonna see an MFE conclusion video? Would like to hear your thought on this exam and what you did to prepare and stuff, like you did for P and FM. Thanks again for making these videos. I really enjoy them
Great video! Been following your videos for almost a year now, thanks for sharing this information... PS how do I get access to TIA videos as a student?
Mukangwa Masamba thanks! Idk for sure since I haven’t done it but just go to their website I think they have information for student discounts. You may have to email someone for a discount code
First of all, congrats on passing MFE! Are you going to do an Exam MFE Conclusion video? At least a short one. It would be great to hear your exam experience on this one too!
Congratulations on passing MFE! I've passed P and am working on FM. I know others have asked, but are you going to do a conclusion video on MFE? I'm guessing you've gotten crazy busy since you haven't posted a video in a long time.
Read through some of the comments below and saw that you passed MFE, congrats! At least you don't have to take a new IFM exam. Since you're on the CAS side, what exam is next?
Mancinelli's Math Lab Thanks a lot man!! So you only need the BA II Plus for the FM? You dont need any FM functions in the IFM exam? Which book or material do you recommend to study for the IFM?
Yea BA 2 Plus is only useful for FM, at least its not too expensive... honestly not sure since it's a new exam. I think ASM is a good way to go though. They covered everything in great detail for MFE, which was useful for the actual exam which asked some very oddball questions. I would recommend Adapt for exams. Get comfortable with EL 6 exams, at least.
Is the IFM exam the same as the past MFE? Whats the difference between the CBT Computer Based Test and the Paper and Pencil one? Which one is better? Im from Mexico. Thanks
Rodrigo Avila the syllabus of IFM is different from MFE but there is some overlap. CBT exams are taken on a computer, paper and pencil is exactly what it says. I don’t think there is an advantage but most take the CBT exams
Rodrigo Avila I have no idea, I would go to the SOA website and see what you can find. Try emailing them if you don’t see anything. I’m sure your this has come up before
I hope that you already found the answer for this because I didn't even understand my own text after writing it. This flat text format made it hard to explain. Anyway, here we go: Remind that ln(x) distributes as Normal with mean = ln(s0) + (r - delta - 1/2 sigma^2)*T and variance = sigma^2 * T. So, if we transform our probability with a log, we end up with: P(ln x < ln K). Standarize this guy and we come up with : [ln(x) - mean]/standard deviation. Replace it with our previously defined parameters, that should be equal to: [ ln(K) - ln (s0) - (r - delta - 1/2 sigma^2)*T ] / sigma * square root of T . Then, you should manipulate it a little bit to arrive to our precious -d2. Because of the symmetry quality of our std normal variable, P(X>k) = N(d2). Try to write it down if you don't understand. The distribution of ln(x) was defined in the first video of this B-S Derivation Series.
