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MANUAL:
PAK-Part I contains 5 sections and PAK-Part II contains 5 sections. Each section contained in the study note comprises many inter-connected sub-sections.  The table below summarizes the 10 PAK-sections contained in PAK-part-I and PAK-part-II:
Parts
Secion ID
PAK Sections
SOA Topics
Weight (%)
Part I
1
Mean Variance Portfolio Theory
Mean Variance Portfolio Theory
10-15
2
Asset Pricing Models
Asset Pricing Models 
5-10
3
Market Efficiency and Behavioral Finance
Market Efficiency and Behavioral Finance
5-10
4
Investment Risk and Project Analysis
Investment Risk and Project Analysis
10-15
5
Capital Structure
Capital Structure 
10
Part II
6
Introductory derivatives: Forward, futures and ins. Derivatives
Introductory derivatives: Forward, futures and ins. Derivatives
5-10
7
General properties of opions
General properties of opions 
10-15
8
Binomial Optioin pricing models
Binomial Optioin pricing models 
10
9
Black Scholes Option pricing models
Black Scholes Option pricing models 
10-15
10
Option Greeks and risk management
Option Greeks and risk management 
5-10
Each of the section is in turn organized in many subsections spanning the official source syllabus:
The PAK subsections synthesize the theories and concepts from the official source reading,
The PAK subsections contain examples and practice to illustrate the theories and concepts from the official source reading,
The PAK subsections are inter-connected and assembled in a way that will facilitate a holistic comprehension of the official source reading and enhance the understanding of the official source reading,
The PAK subsections are beautifully written, they provide clear and better explanations, illustrative examples to fix the concepts.
Each of the 5 sections of PAK-Part-II contains a set of 30+ practice exam-type questions and detailed solutions in addition to the illustrative examples contained in the PAK study notes.
The PAK subsections are well-organized and user-friendly and the organization of the PAK sections and subsection allows a more efficient learning process.
The PAK study notes are designed to help students adequately prepare for the IFM exam without recourse to the source materials (including SOA approved papers). The student is expected to (i) Read the PAK study notes, (ii) work the practice examples and the MOCK questions included in the PAK study notes and (iii) work the official practice questions from the SOA website, then (iv) re-work (ii) and (iii) until he/she can answer all questions independently.