Soa ifm exam - Study guides, Class notes & Summaries

SOA IFM EXAM WITH VERIFIED ANSWERS AND QUESTIONS ....

Derivative Security (Chp. 1) - A financial instrument whose value depends on another security. Option (Chp. 1) - An agreement allowing the buyer of the option to buy or sell an asset at a specific price on a specific day. Clearinghouses (Chp. 1) - Matches the buyers and the sellers and keeps track of their obligations and payments. Measures of Market Size and Activity (Chp. 1) - 1) Trading Volumne 2) Market Value 3) Notional Value 4) Open Interest Purpose of Derivatives (Chp. 1) - 1) Ri...

SOA IFM Exam With Complete Solutions.

SOA IFM Exam 2022 with complete solution

SOA Exam IFM Concepts(Completed)2023

1. to manage risk 2. to speculate 3. to reduce transaction cost 4. to minimize taxes/avoid regulatory issues - Answer- 4 reasons for using derivatives bid price - Answer- the price at which market-makers will buy and end-users will sell ask/offer price - Answer- the price at which market-makers will sell and end-users will buy bid-ask spread - Answer- ask price - bid price round-trip transaction cost - Answer- difference between what you pay and what you receive from a sale using ...

Determine which of the following is the most likely NOT a typical feature of convertible preferred stock. A Guarantee on initial investment B Anti-dilution protection C Board membership D Participation rights E Liquidation preference - Answer- A Long Floor - Answer- Buy Stock, Buy Put -> Guarantees minimum selling price Written Covered put - Answer- Short stock, short put -> guarantees max loss Long Cap - Answer- Long Stock, short call -> guarantees max purchase pri...