The goal of this course is to provide undergraduate an understanding of the fundamental concepts of financial mathematics, and how those concepts are applied in calculating present and accumulated values for various streams of cash flows as a basis for future use in: reserving, valuation, pricing, asset/liability management, investment income, capital budgeting and valuing contingent cash flows.
Topics in this course include the following context:
Simple and compound rates of interest and discount;nominal and effective rates of interest and discount; force of interest; equivalent interest rate measures; equation of value; present value and future value; level and non-level annuities and perpetuities; yield rates; time-weighted and dollar-weighted average rates of return; spot rates and forward rates; duration and convexity; immunization; yield curves and the term structure of interest rates; bonds, mortgages, stocks, and other financial instruments.The goal of this course is to provide undergraduates an understanding of the fundamental concepts of financial mathematics, and how those concepts are applied in calculating present and accumulated values for various streams of cash flows as a basis for future use in: reserving, valuation, pricing , asset/liability management, investment income, capital budgeting and valuing contingent cash flows.
Topics in this course include the following context:
Simple and compound rates of interest and discount; nominal and effective rates of interest and discount; force of interest; equivalent interest rate measures; equation of value; present value and future value; level and non-level annuities and perpetuities; yield rates; time -weighted and dollar-weighted average rates of return; spot rates and forward rates; duration and convexity; immunization; yield curves and the term structure of interest rates; bonds, mortgages, stocks, and other financial instruments.
1.Kellison, S.G., The Theory of Interest (Third Edition), 2008, Irwin/McGraw-Hill
1.Kellison, S.G., The Theory of Interest (Third Edition), 2008, Irwin/McGraw-Hill
| 評分項目 Grading Method | 配分比例 Grading percentage | 說明 Description |
|---|---|---|
| Midterm ExaminationMidterm Examination Midterm Examination |
30 | |
| Final ExaminationFinal Examination Final Examination |
30 | |
| Evaluation and/or HomeworkEvaluation and/or Homework Evaluation and/or Homework |
30 | |
| AttendanceAttendance Attendance |
10 |
