ACT245H1: Financial Principles for Actuarial Science I

Hours: 
24L/12T

Term structure of interest rates, cashflow duration, convexity and immunization, forward and futures contracts, interest rate swaps, introduction to investment derivatives and hedging strategies.

Prerequisite: 

ACT240H1, MAT137Y1 (minimum grade 65%)/MAT157Y1

Distribution Requirements: 
Science
Breadth Requirements: 
The Physical and Mathematical Universes (5)