CM1B seems to be very complex compared to CM1A. What are some materials(also tips) to get good marks in CM1B? thank you
Hi Tina, The excel formulae required for CM1B are not particularly complex so i'd assume that's less of a problem. In terms of the material itself, CM1B allows you to tackle problems alot more from first principles rather than relying on Table values or other formulae. So as a tip it would be worthwhile ensuring that you are happy with some of the key concepts in CM1 such as sum(cashflow x discount factor) in the early chapters and sum(cashflow x discount factor x probability) in the later chapters. I would suggest that the probability calculations are probably the toughest in CM1B and so these may need a little focus eg what is the probability that a life dies in the year from time t to t+1. We have lots of practice questions in PBOR, across all chapters that might realistically appear in Paper B. There's probably more questions there than any student can realistically get through but the more you can cover the better prepared you'll be. Beyond these there's now a good bank of past exam paper questions to try which you may want to do under exam conditions. CM1B can be quite time pressured so it's well worth checking that you can complete a paper (well) within the time allowed. Hope this helps. Joe
