MTH 491 - Financial Mathematics

(4 credits)

Prerequisite(s): MTH 281 or MTH 283, or permission of 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 is designed to prepare for the SOA Exam FM/CAS Exam 2 (Financial Mathematics Exam).

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