Financial Mathematics for Actuaries

Business & Finance, Finance & Investing, Banks & Banking, Finance
Cover of the book Financial Mathematics for Actuaries by Wai-Sum Chan, Yiu-Kuen Tse, World Scientific Publishing Company
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Author: Wai-Sum Chan, Yiu-Kuen Tse ISBN: 9789813224698
Publisher: World Scientific Publishing Company Publication: July 28, 2017
Imprint: WSPC Language: English
Author: Wai-Sum Chan, Yiu-Kuen Tse
ISBN: 9789813224698
Publisher: World Scientific Publishing Company
Publication: July 28, 2017
Imprint: WSPC
Language: English

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.

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

Readership: Undergraduate students in actuarial science, quantitative finance, financial engineering and quantitative risk management, and students taking exams in financial mathematics with professional actuarial bodies.
Key Features:

  • Key results are clearly derived, emphasizing on both mathematical rigor and economic intuition
  • Provides numerous examples and exercises. Links discussions to real financial market data, such as historical term structure, and traded financial securities. Instructors who have adopted the book as the main text of their course may obtain the solution manual to all exercises in the book from the authors upon request
  • Practical computations are illustrated using Excel financial functions
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

Contents:

Readership: Undergraduate students in actuarial science, quantitative finance, financial engineering and quantitative risk management, and students taking exams in financial mathematics with professional actuarial bodies.
Key Features:

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