Slides from "Arcones manual for Exam FM".

  1. Basic Interest Theory
    1. Accumulation function.
    2. Simple interest
    3. Compounded interest
    4. Present value and discount
    5. Nominal rates of interest and discount
    6. Force of interest

  2. Cashflows
    1. Cashflows
    2. Method of equated time
    3. Yield rates
    4. Dollar-weighted and time weighted rates of return
    5. Investment and portfolio methods
    6. Continuous payments cashflows

  3. Annuities
    1. Geometric series
    2. Level payment annuities
    3. Level payment perpetuities
    4. Non-level payment annuities and perpetuities: geometric, increasing, decreasing
    5. Continuous annuities

  4. Amortization and sinking bonds
    1. Amortization schedules
    2. Sinking funds
    3. Reinvestment

  5. Bonds
    1. Securities
    2. Price of a bond
    3. Book value and amortization scheduless
    4. Book value between coupon payments dates
    5. Callable bonds
    6. More securities

  6. Variable interest rates and portfolio insurance
    1. Inflation
    2. Arbitrage
    3. Term structure of the interest rates
    4. Duration, convexity
    5. Asset-liability management

  7. Derivatives markets
    1. Derivatives markets
    2. Forwards
    3. Futures
    4. Call options
    5. Put options
    6. Put-call parity
    7. Equity linked CD's
    8. Spreads
    9. Risk Management
    10. Swaps