STAT 382 - Theory of Interest and Financial Derivatives

Institution:

Northern Illinois University

Subject:

Description:

Learning outcomes of the Exam FM / 2 of the Society of Actuaries / the Casualty Actuarial Society, including rates of interest, present and future values, annuities-certain, perpetuities, stocks, bonds, mutual funds and guaranteed investment contracts. Key techniques in financial mathematics including discounting, accumulation, amortization, and yield rate determination. Modern financial concepts including yield curves, spot and forward rates, duration, convexity, and immunization. Introduction to financial derivatives, forwards, options, futures, swaps, and the principle of no arbitrage. Practice in solving typical problems encountered in the above-mentioned actuarial examinations. Prerequisites & Notes PRQ: MATH 230 or consent of division. Credits: 4

Credits:

4.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.niu.edu

Phone Number:

(800) 892-3050

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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