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Dr. Krzysztof Ostaszewski's SOA Course FM / CAS Course 2 Manual, 2010 Edition This new edition contains eighteen practice examinations, all with 35 problems, i.e., two more practice examinations than the previous edition. Dr. Ostaszewski's SOA FM Study Manual covers the entire Course FM, including the material on derivative securities and investments.

There are 15 chapters in Dr. Ostaszewski's Study Manual:
1. Fundamental Concepts Of The Theory Of Interest
2. Cash Flows And Interest Measurement In A Fund
3. Annuities
4. Loan Amortization
5. Bonds And Other Securities
6. Duration
7. Convexity, Applications Of Duration And Convexity
8. Classical Immunization
9. The Yield Curve And Multivariate Immunization
10. Common Stocks, Preferred Stocks, Their Durations, And Short Sales
11. Forwards And Options
12. Insurance Created With Options; Collars, Floors, Caps, Spreads, Straddles
13. Managing Risk With Derivatives
14. More On Forwards And Futures
15. Swaps

All key formulas and ideas to remember are discussed and explained. There are sample questions for students to practice, among them previous exam questions. There are also eighteen practice examinations at the end of the manual with complete solutions.

Product sample to be posted on our website

Since 2005, Dr. Ostaszewski posts online free weekly Exam FM / CAS Course 2 practice problems, at his web site: www.math.ilstu.edu/krzysio/

Author biography
Dr. Krzysztof Ostaszewski is a Fellow of the Society of Actuaries, Chartered Enterprise Risk Analyst, Member of the American Academy of Actuaries and a Chartered Financial Analyst. He holds a Ph.D. in Mathematics from the University of Washington. He is the Actuarial Program Director and Professor of Mathematics at Illinois State University. He has taught actuarial science at Illinois State University, Washington University in St. Louis, University of Ulm in Germany, New England Actuarial Seminars, Actex Professional Development Seminar, University of Louisville, and the Actuarial Summer School in Poland. He was a core instructor for the Society of Actuaries Course 7 Applied Modeling Seminar. For a full biography of Dr. Ostaszewski, go to www.math.ilstu.edu/krzysio/krzys