# MATH 325 - The Mathematics of Interest - Spring 2018

** Credits 3. 3 Lecture Hours. **

The mathematical theory associated with interest; annuities; internal rate of return; coupon bonds; valuation of noncallable bonds; yield of maturity; interest rate sensitivity; duration and convexity; reinvestment risk; total return; compound return; STRIPS; yield curve; short selling; hedge ratio; bond swaps. **Prerequisites:** MATH 142, MATH 147, MATH 151 or MATH 171.

### Sections

**This course is not taught in Spring 2018.**