Measurement of interest, present value. Equations of value. Annuities. Loans and amortization schedules. Bonds and other securities. Cash flows: yield rates, duration, convexity, immunization. Yield curves: spot rates, forward rates. Interest rate swaps. Prerequisite: MATH 152 with a minimum grade of C; or MATH 155 or MATH 158, with a grade of at least B. Recommended: RISK (or ACMA) 101 or RISK 102. Students with credit for ACMA 201 or ACMA 210 may not take this course for further credit. Quantitative.
Measurement of interest, present value. Equations of value. Annuities. Loans and amortization schedules. Bonds and other securities. Cash flows: yield rates, duration, convexity, immunization. Yield curves: spot rates, forward rates. Interest rate swaps. Prerequisite: MATH 152 with a minimum grade of C; or MATH 155 or MATH 158, with a grade of at least B. Recommended: RISK (or ACMA) 101 or RISK 102. Students with credit for ACMA 201 or ACMA 210 may not take this course for further credit. Quantitative.
