Introduction to Financial Mathematics

3 credits · Undergraduate

Theory of interest including time value of money, annuities, rates of return, yield curves, and immunization. Pricing of financial instruments including annuities, bonds, stocks, and derivatives using arbitrage-free assumptions. Foundational for actuarial science. Prerequisite: 2300, 2310, or 2501. Corequisite: 2810, 2820, or 3640. [3] (MNS)