ISBN(s): 979-8-89016-167-3 | 979-8-89016-168-0
A new product will be added to your cart each time you click the Product button.
If additional options exist (checkboxes) to further customize your product and you'd like to choose one of the them, please select the option before clicking the product button to add to your cart.
Click here to edit your cart.
All prices shown in USD | Click here to view our digital terms
Overview
The Finance, Investments, and Derivatives textbook builds on the ACTEX study manual for Exam IFM (Investments and Financial Markets), which was part of the Society of Actuaries (SOA) curriculum until 2022. While Exam IFM is no longer included in the ASA pathway, the demand for these essential topics persists. This textbook provides a comprehensive reference for students, professionals, and educators, offering valuable insights into key areas such as:
- Investment risk and return
- Portfolio theory and the Capital Asset Pricing Model )CAPM)
- Corporate finance, included capital structure and financing methods
- Financial derivatives, such as forwards, options and futures
- Option valuation methods, including binomial trees and the Black-Sholes model
- Applications of option pricing in actuarial science and beyond
Highlights and Details
The layout of the textbook has been preserved and includes:
- Detailed lessons
- Examples and exercises designed to reinforce understanding and simulate exam-like scenarios
- Complete solutions are included to provide readers with a clear path to mastering the material
- Five mock tests to help you gauge your progress and readiness.
About the Author
Johnny Li, PhD, FSA
Professor Li is Professor and the Holder of the Munich Re Chair in Predictive Analytics at the University Of Waterloo, Canada. His current teaching and research focus on the interface between actuarial science and predictive analytics. Over the years, his research contributions have led to several prestigious awards, including the Society of Actuaries (SOA) Redington Prize, the SOA Edward A. Lew Award and the SCOR Actuarial Award in Asia.