MAT 30144 FINANCIAL MATHEMATICS

Financial Mathematics offers a conceptual introduction to the fundamental concepts of interest theory and financial derivatives. Topis covered include present and accumulated values for various cash flows as a basis for reserving, valuation, pricing, asset liability management, investment income, capital budgeting, contingent cash flows, options, hedging strategies, and no-arbitrage derivations.  Prerequisite:  MAT 20043 Discrete Mathematics.