Dec 01, 2022  
College Catalog 2017-2018 
College Catalog 2017-2018 [ARCHIVED CATALOG]

MA 255 - Financial Mathematics

4.00 credits.
This course introduces the mathematical foundations of interest theory and financial derivatives. Topics include: measurement of interest; annuities certain; yield rates; amortization schedules and sinking funds; bonds and related securities; yield curves, spot rates, and forward rates; convexity and immunization; derivative securities; forward contracts; put and call options, including put-call parity; hedging; futures; and swaps. This is a first course aimed at students preparing for the Actuarial Examination FM. *Prerequisite(s): MA 117  and MA 121 . Fall semester.