Financial mathematics for actuaries / Wai-Sum Chan and Yiu Kuen Tse

By:

Chan, Wai-Sum

Contributor(s):

Tse, Yiu Kuen

Material type: Text

TextLanguage: English Publication details: Singapore : World Scientific, 2020.Edition: 2nd edDescription: xviii, 353 p.: ill. ; 25 cmISBN:

9780000988645

Subject(s):

DDC classification:

23 332.0151 CHA

Contents:

Interest accumulation and time value of money Annuities Spot rates, forward rates and the term structure Rates of return Loans and costs of borrowing Bonds and bond pricing Bond yields and the term structure Bond management Interest rates and financial securities Stochastic interest rates

Summary: Financial Mathematics for Actuaries is a textbook for students in actuarial science, quantitative finance, financial engineering and quantitative risk management and is designed for a one-semester undergraduate course. Covering the theories of interest rates, with applications to the evaluation of cash flows, the pricing of fixed income securities and the management of bonds, this textbook also contains numerous examples and exercises and extensive coverage of various Excel functions for financial calculation. Discussions are linked to real financial market data, such as historical term structure, and traded financial securities. The topics discussed in this book are essential for actuarial science students. They are also useful for students in financial markets, investments and quantitative finance. Students preparing for examinations in financial mathematics with various professional actuarial bodies will also find this book useful for self-study. In this second edition, the recent additions in the learning objectives of the Society of Actuaries Exam FM have been covered.-publisher's description

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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode
General Books	CUTN Central Library Social Sciences	Non-fiction	332.0151 CHA (Browse shelf(Opens below))	Available		47830

Interest accumulation and time value of money
Annuities
Spot rates, forward rates and the term structure
Rates of return
Loans and costs of borrowing
Bonds and bond pricing
Bond yields and the term structure
Bond management
Interest rates and financial securities
Stochastic interest rates

Financial Mathematics for Actuaries is a textbook for students in actuarial science, quantitative finance, financial engineering and quantitative risk management and is designed for a one-semester undergraduate course. Covering the theories of interest rates, with applications to the evaluation of cash flows, the pricing of fixed income securities and the management of bonds, this textbook also contains numerous examples and exercises and extensive coverage of various Excel functions for financial calculation. Discussions are linked to real financial market data, such as historical term structure, and traded financial securities. The topics discussed in this book are essential for actuarial science students. They are also useful for students in financial markets, investments and quantitative finance. Students preparing for examinations in financial mathematics with various professional actuarial bodies will also find this book useful for self-study. In this second edition, the recent additions in the learning objectives of the Society of Actuaries Exam FM have been covered.-publisher's description

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