Dec 26, 2024  
2020-2021 Undergraduate Catalog 
    
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2020-2021 Undergraduate Catalog [Archived Catalog]

MA 27300 - Financial Mathematics

a mathematical treatment of some of the fundamental concepts of financial mathematics and their application to real world business situations and basic risk management. Includes discussions of interest rates, discount rates, annuity valuation, bond valuation, cash flow valuation, spot rates, forward rates. Macaulay duration, modified duration, effective duration, convexity, and immunization, and their use in risk management. Provides preparation for the SOA/CAS Actuarial Exam FM/2.

Preparation for Course
P: MA 16600, MA 22800, or MA 23000 with a grade of C- or better

Cr. 3.