MTH 591 - Financial Mathematics

(4 credits)

Prerequisites: A grade of C or better in MTH 182, or a special permission from the instructor. Basic mathematical interest theory and time value of money, annuities, loan repayment, bonds, equations of value and yield rates, interest rate sensitivity, stocks and financial markets, arbitrage, term structure of interest rates and derivatives. It can be used to prepare for the SOA Exam FM/CAS Exam 2 (Financial Mathematics Exam).

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