ACTS 402 - Problem Lab:Basic Actuarial Applications of Financial Mathematics

Institution:

University of Nebraska-Lincoln

Subject:

Description:

Lab 1. Prereq: ACTS 440/840 or parallel. Application of basic mathematics of finance to problems involving valuation of financial transactions. Problems as posed in the Society of Actuaries ( SOA) Exam "FM? ?and/o r Casualty ActuarialSociety ( CAS) Exam "2" . Determining equivalent measures ofinterest; estimating the rate of return on a fund; discounting or accumulating a sequence of payments with interest; determining yield rate; length of investment; amounts of investment contributions or amounts of investment returns for various types of financial transactions; and basic calculations involving yield curves, spot rates, forward rates, duration, convexity, immunization and short sales; introduction to financial derivatives (forwards, options, futures, and swaps) and their use in risk management; and introduction to the concept of no-arbitrage as a fundamental concept in financial mathematics.

Credits:

1.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lab

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.unl.edu/

Phone Number:

(402) 472-7211

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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