Jul 14, 2024  
2018-2019 Undergraduate and Graduate Catalog 
2018-2019 Undergraduate and Graduate Catalog [ARCHIVED CATALOG]

STAT 485 - Actuarial Science: Financial Mathematics

(3 units)

Prerequisite: STAT 381 .
Simple and compound interests, stochastic approaches to interest and annuities, stochastic models of stock, Black- Scholes arbitrage pricing of options and other derivative securities, Markowitz portfolio optimization theory, Ito financial calculus, filtrations and martingales.

Letter grade only (A-F). (Lecture 3 hrs.)