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BTDT Study Manual for the SOA Course FM and CAS Course 2, Mid-2017 Edition [Electronic/ 1 YR License/ Print up to 2 copies/ NO RETURNS]
Author/Publisher: Ostaszewski / Ostaszewski
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Availability: In-Stock
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BTDT Study Manual for FM Mid-2017 Edition [For June 2017 Exam and later]- ELECTRONIC [1 YR License/ Print up to 2 copies*/ NO RETURNS] - $99.00
BTDT Study Manual for FM Mid-2017 Edition - PRINTED [NO RETURNS] - $99.00

ELECTRONIC MATERIAL: PDF is DRM protected. Please be sure you can install Adobe Digital Editions FREE software or a compatible application, like DL Reader, and authorize the software to your computer/device using an Adobe ID of your choosing, prior to purchasing this material. DRM Restrictions include: 365-day license, Restricted printing (May print UP TO a total of two copies during 2 print sessions allotted from PRIMARY device only), NO Copying. NO RETURNS OR REFUNDS/EXCHANGES


The BTDT Course FM Study Manual by Dr. Krzysztof Ostaszewski covers the entire Course FM. All key formulas and ideas to remember are discussed and explained. This is followed by 18 practice examinations, each with 35 problems, with complete detailed solutions. This edition is for the new exam FM syllabus effective with the June 2017 examination.

Table Of Contents:
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. Determinants of Interest Rates
12. Swaps

Author biography
Dr. Krzysztof M. Ostaszewski, PhD, FSA, FSAS, CFA, CERA, MAAA, is the Actuarial Program Director at Illinois State University, a Center of Actuarial Excellence and winner of the Casualty Actuarial Society University Award. Dr. Ostaszewski was also the Director for Life and Pensions Research at the Geneva Association, International Association for the Study of Risk and Insurance Economics, in the period 2011-2013. He has taught actuarial science at Illinois State University, New England Actuarial Seminars, University of Louisville, University of Ulm, Washington University in St. Louis, EM Lyon in France, and Technical University of Lodz in Poland. He has also taught Summer Actuarial School in Poland, and Actex Professional Development Seminars. Dr. Ostaszewski has published four research monographs in actuarial mathematics, two in mathematics, was a Fulbright Research Fellow and a Fulbright Senior Specialist, and has published widely, including journals such as Journal of Risk and Insurance, Proceedings of the American Mathematical Society, American Economic Review, North American Actuarial Journal, and many others. For his research work, he was the recipient of the prestigious Mehr Award of the American Risk and Insu

Students who would like to have an easy introductory practice for exam FM can also download May 2005 and November 2005 Course FM/2 examinations with complete model solutions written by Dr. Ostaszewski at:




Questions? Email the author at:

All Errata for Dr. Ostaszewski’s work can be found at:

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Very well presented and fully explained. It helps me to be prepared for the exam.