Like our very popular Exam MLC Manual, this manual is comprehensive and written in an easy to understand style. In many cases, it goes beyond an outline and thoroughly explains the more difficult topics. Among the many features of this manual are examples embedded into the text and additional practice problems at the end of each unit, concluding with nine sample practice exams. This edition includes an additional 5 questions in each practice exam and a new unit on collars.

In this guide, the traditional interest theory material is covered in Modules 1 - 7 and the financial mathematics material is covered in Modules 8 - 15. Modules 8 - 15 contain lecture notes on the required chapters of the financial mathematics textbook, Derivatives Markets, and solutions to the odd-numbered homework problems in that text. Answers to the even-numbered problems are available in the student solution manual which you can purchase with the text.

Table Of Contents:

Module 1 - Interest Rates and Time Value of Money

Module 2 - Annuities

Module 3 - Loan Repayment

Module 4 - Bonds

Module 5 - Yield Rate of an Investment

Module 6 - Term Structure of Interest Rates

Module 7 - Asset Liability Management, Duration and Immunization

Module 8 - Review of Derivatives Markets, Chapter 1

Module 9 - Review of Derivatives Markets, Chapter 2

Module 10 - Review of Derivatives Markets, Chapter 3

Module 11 - Review of Derivatives Markets, Chapter 4

Module 12 - Review of Derivatives Markets, Chapter 5

Module 13 - Review of Derivatives Markets, Chapter 7

Module 14 - Review of Derivatives Markets, Chapter 8

Module 15 - Supplemental Material on Currency Forward Contracts

Practice Exams - Nine Practice Exams ACTEX Exam