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MATH 325 - The Mathematics of Interest - Summer 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 Summer 2018.