MATH 450 Mathematics of Finance II

This course is aimed to help students finish preparation for the Financial Mathematics exam of the Society of Actuaries. This course builds on the foundation of Mathematics of Finance I (MATH 350) to complete training for the FM Exam. Topics include: term structure of interest rates, cashflow duration and immunization, additional topics in finance and investment, and forwards, futures, swaps, and options. All topics are covered with Mathematical rigor, requiring significant algebraic skills.