STAT 5556 - Mathematics of Finance

3 Semester Hour(s)

The fundamental concepts of financial mathematics and how these concepts are applied in calculating present and accumulated values for various streams of cash flows as a basis for future use in the following; reserving, valuation, pricing, asset/liability management, investment income, capital budgeting, and valuing contingent flows. This course contains additional graduate-level content equivalent to a one-hour recitation with the instructor which will further investigate the theoretical aspects of or applications of the topics discussed in the course.

Prerequisite(s): STAT 4451 or STAT 5551.