by Stacy T. | Feb 8, 2018 | CPCU 540
One of the key concepts you will be studying in CPCU 540 is zero-coupon bonds. Here is the difference between a regular bond & a zero-coupon bond:
When you buy a regular bond, you pay the face value for it. While you own the bond, you’ll get interest paid to you periodically until the maturity date, at which time the face value gets paid/returned to you. As such, your earnings or profits come from the interest you get paid. So, let’s say I buy a $100 bond for $100, I get $5 a year for 3 years, then I get my $100 back at the maturity date – my profit is $15 (from in interest).
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by Stacy T. | Feb 1, 2018 | Test Strategies
If you’ve never taken a CPCU® exam before, The Institutes offers a free downloadable demo exam that allows you to preview the test format from the comfort of your own home before your actual test date.
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by Stacy T. | Jan 26, 2018 | CPCU 500
Two of the more difficult concepts to grasp in CPCU® 500 are standard deviation & coefficient of variation. The textbook says they are both measures of variation, but what does that mean exactly & why does that matter? This tip will provide a better explanation to help you understand these two tricky concepts better.
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by Stacy T. | Jan 23, 2018 | Study Tips
If you’re thinking about using flashcards to help you with your CPCU® studies, consider the benefits of using online flashcard sites. Sites like Quizlet.com and Cram.com allow you to create your own sets of online flashcards (just like the sets you’d purchase from The Institutes or would otherwise make on your own), but with a lot more advantages:
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by Stacy T. | Jan 19, 2018 | CPCU 530
CPCU® 530 makes a few references to questions of fact and questions of law, but doesn’t do the best job defining either term. This tip will give you a crash course on the differences between the two so you don’t get tripped up on your exam.
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