TIA's Exam MFE Blog

For question 13, the value of Delta at the root node was incorrect.

michael Updates

In the second slide of lesson B.2.2, there was a point where the sound went out for over a minute. We’ve posted an updated lesson to correct the problem.

michael Updates

C.2 Solutions have been updated to correct a typo in the solution to Q2. The typo was in an intermediate step and does not affect the final answer, so please think twice before wasting the paper to print out the new file.

D.1 Solutions have been updated to correct a typo in the solution to Q10. The typo was in the last paragraph and does affect some of the final numbers.

michael Updates

A revised study schedule will be posted tomorrow, reflecting a change in the order in which materials are being covered. Unlike the previous instructor, I’ve decided to cover the materials in the order they are listed in the MFE syllabus.

michael Updates

I’ve updated lesson C.2.1 to correct an error regarding the typical sign of theta for options.

Problem set B.3 was also updated in two places: Question 15 was altered slightly to correct a typo, and the solution to question 4 was re-written, although the re-write did not change the numerical answer.

michael Uncategorized

I’ve updated the solutions to problem set C.1 to fix an omission in the solution to problem 11.

michael Updates

I’ve made a *tiny* change to the downloadable notes for lesson B.2.2. In the sample problem at the end, I changed the wording to make it clear that a two-period model should be used.

michael Updates

Lesson B.3.1 was recently updated to correct a small calculation error in the sample problem at the end.

michael Updates

I have received several inquiries regarding present and future releases of lectures and problem sets. For the sake of effenciency, I have decided to post a brief FAQ that should address all of your questions at once.

I’ve been following the suggested study schedule, which recommended that I finish section B.3 by the end of January; however, practice problems for B.3 have yet to be posted. What’s the deal?

After making the study schedule, I received an invitation to present my research at a rather prestigious conference in Amsterdam. I was out of the country all of last week and also lost valuable time in the prior week while preparing the presentation and planning the trip. This unanticipated loss of productive time slowed down the posting of new lectures.    

So when can we expect the practice problems for B.3?

I will finish the production of the final lecture for section B.3 and the associated practice problems no later than midnight tomorrow, so they should be up on website sometime during working hours on Wednesday.

When will you begin posting lectures for section C?

As soon as I have finished section B, I will immediately begin work on the Black-Scholes lectures and problems.  

Is there any set schedule for the release dates of future lectures?

Unfortunately, no. I am producing new materials as quickly as possible and will simply continue to post new lectures and problems as soon as they are finished.  

Can we still use the suggested study schedule to guide our preparations?

Yes. I don’t anticipate anything out of my usual routine that would further impede my progress towards completion. Once I’ve caught up in the next week or two, I will absolutely do everything in my power to stay at least a week ahead of the suggested study schedule.   

michael Admin

Please note a small change to the suggested study schedule (found under the ”Before You Begin” heading of the online course). In an effort to keep all of the lessons pertaining to interest rate modeling together, the discussion on binomial interest rate trees has been moved from section B to section F.

michael Updates