Financial mathematics for actuaries / Wai-Sum Chan and Yiu Kuen Tse
Material type: TextLanguage: English Publication details: Singapore : World Scientific, 2020.Edition: 2nd edDescription: xviii, 353 p.: ill. ; 25 cmISBN:- 9780000988645
- 23 332.0151 CHA
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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