需要论坛币，就收一点点

Welcome to the MFE/3F exam!
The SOA is developing a new Risk Management credential, CERA. Students can qualify for this credential
without studying Life Contingencies. To make this possible, this exam was split off from Exam MLC in spring 2007.
The CAS decided to join the SOA and jointly sponsor this exam beginning in spring 2008.
You will be studying, almost exclusively, option pricing. There will be short discussions of forwards here and
there, but almost all of the time you will be pricing calls and puts. You may have encountered basic information on
these when you took Exam FM/2, but you don't need everything you learned in that course. A brief summary of
the information you need is given at the beginning of lesson 1. The rest of the course can then be divided into the
elementary part--Chapters 9-14 from the textbook, covered in lessons 1-12; and the advanced part-s-Chapters 2024
from the textbook, covered in lessons 13-17. The elementary part goes in the following order: