May 03, 2024  
Undergraduate Catalog 2022-2023 
    
Undergraduate Catalog 2022-2023 [ARCHIVED CATALOG]

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MAT 450 - Financial Mathematics


Prerequisite(s): MAT 165  and either MAT 115  or MAT 215 . .
This course is a mathematical treatment of some fundamental concepts of financial mathematics and their application to basic risk management. Topics include valuing investments, capital budgeting, valuing contingent cash flows, yield curves, spot rates, forward rates, short sales, Macaulay duration, modified duration, convexity, and immunization, financial derivatives, and their use in risk management. Provides preparation for the FM Actuarial Exam. On demand

Hours: 3



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