Financial Math FM

Preface

This wikibook is intended to help prepare and review for the Society of Acutaries (SoA) Financial Math (FM) exam also called Exam 2 by the Casualty Actuarial Society (CAS). If you are looking for a more general introduction to financial math or you don't know what the SoA FM exam is, then this text is probably not for you.

This text will try to follow the SoA FM syllabus with an emphasis on problem solving and financial calculator usage.

Table of Chapters

About the FM Exam Interest Theory Time Value of Money Annuities Loans Bonds General Cash Flows and Portfolios Immunization Financial Economics Derivatives Options Options Strategies Hedging and Investment Strategies Forwards and Futures Swaps Sharpe ratio Glossary Formulas Problems