<P></P>
<P></P>
<P>Guo yufeng's&nbsp;FM study manual Spring 2008&nbsp;version</P>
<P>I use it with official sample and past exams to prepare for Exam FM May 2008.&nbsp;</P>
<P>However you also need read through the required parts of the text "Derivatives Markets" (2nd ed.) </P>
<P>In addition, having Broverman's weekly questions in hand would help you&nbsp;get high score in the exam. </P>
<P></P>
<P></P>
<P>
<P>FM Formulas 2.01.pdf</P>
<P>Summary of Formula for FM exams for quick review and memory.<BR></P>
<P><FONT face=隶书 color=#ff0000 size=5>已经奖励. 现金+50,魅力+5,经验+10----clzu</FONT><BR></P>
<P align=right><FONT color=#000066>[此贴子已经被作者于2008-7-27 7:29:20编辑过]</FONT></P>
<P align=right><FONT color=#000066></FONT>&nbsp;</P>
<P align=right><FONT color=#000066></FONT>&nbsp;</P>
<P align=left><BR>Contents <BR>&nbsp;<BR>Part One: Theories of Interest <BR>&nbsp;<BR>Chapter 1&nbsp; Exam-taking and study strategy............................5 <BR>A tale of two Exam FM takers, Mr. Busy and Mr. Lazy................................................5 <BR>Truths about Exam FM...................................................................................................9 <BR>How to study hard yet fail the exam miserably............................................................11 <BR>Recommended study method........................................................................................13 <BR>How to build a 3 minute solution script........................................................................14 <BR>How to eliminate errors................................................................................................30 <BR>Chapter 2&nbsp; Getting started .............................................................48 <BR>Chapter 3&nbsp; FM Fundamental..........................................................49 <BR>Time value of money....................................................................................................49 <BR>Principal........................................................................................................................49 <BR>Interest rate....................................................................................................................49 <BR>Simple interest rate.......................................................................................................49 <BR>Compound interest rate.................................................................................................50 <BR>Force of interest............................................................................................................52 <BR>Nominal interest rate.....................................................................................................58 <BR>APR...............................................................................................................................59 <BR>Annual effective interest rate........................................................................................60 <BR>Continuous compounding.............................................................................................60 <BR>Effective annual rate of discount..................................................................................61 <BR>Simple annual rate of discount......................................................................................63 <BR>Nominal annual rate of discount...................................................................................63 <BR>Future value..................................................................................................................64 <BR>Present value.................................................................................................................64 <BR>Convert interest rate to discount rate or vice versa.......................................................66 <BR>PV of a stream of cash flows........................................................................................71 <BR>Net Present Value.........................................................................................................71 <BR>Internal rate of return (IRR)..........................................................................................71 <BR>Asset and its price.........................................................................................................73 <BR>Convert a cash flow from one point of time to another point of time..........................74 <BR>Collapse multiple cash flows into a single cash flow...................................................75 <BR>Annuity – collapsing n parallel cash flows into a single cash flow..............................78 <BR>Avoid the common pitfall.............................................................................................79 <BR>Perpetuity......................................................................................................................93 <BR>Annuity – payable m-thly in advance...........................................................................96 <BR>Annuity – payable m-thly in arrears.............................................................................98 <BR>Increasing annuity.......................................................................................................110 <BR>Continuously increasing annuity.................................................................................110 <BR>Decreasing annuity......................................................................................................111 <BR>Chapter 4&nbsp; Calculator tips ............................................................126 <BR>Best calculators for Exam FM....................................................................................126 <BR>New features added in BA II Plus Professional..........................................................126 <BR>How to reset calculators to their best conditions for FM............................................126 <BR>Compound interest......................................................................................................129 <BR>Annuity.......................................................................................................................133 <BR>Loan/bond amortization..............................................................................................142 <BR>Compare Cash Flow Worksheet with TVM Worksheet.............................................148 <BR>Increasing annuity.......................................................................................................148 <BR>Comprehensive calculator exercise.............................................................................156 <BR>Chapter 5&nbsp; Geometrically increasing annuity.....................164 <BR>Chapter 6&nbsp; Real vs. nominal interest rate.............................193 <BR>Chapter 7&nbsp; Loan repayment and amortization....................199 <BR>Chapter 8&nbsp; Sinking fund ................................................................228 <BR>Chapter 9&nbsp; Callable and non-callable bonds .........................235 <BR>Chapter 10&nbsp; Valuation of stocks...................................................260 <BR>Chapter 11&nbsp; Price of a bond sold between two coupon <BR>payments 263 <BR>Chapter 12&nbsp; Time weighted return and dollar weighted <BR>return 276 <BR>Chapter 13&nbsp; Investment year &amp; portfolio method ...............291 <BR>Chapter 14&nbsp; Short Sales ...................................................................293 <BR>Chapter 15&nbsp; Term structure of interest rate, spot rate, <BR>forward rate, and arbitrage.............................................................304 <BR>Chapter 16&nbsp; Macaulay duration, modified duration, <BR>convexity 329 <BR>Chapter 17&nbsp; Immunization..............................................................364 <BR>Chapter 18&nbsp; Cash flow matching..................................................382 <BR>Value of this PDF study manual......................................................389 <BR>About the author.................................................................................390 </P>