eBook - ePub

# Financial Mathematics for Actuaries

## Wai-Sum Chan, Yiu-Kuen Tse;;;

Share book
1. 372 pages
2. English
3. ePUB (mobile friendly)
4. Available on iOS & Android
eBook - ePub

# Financial Mathematics for Actuaries

## Wai-Sum Chan, Yiu-Kuen Tse;;;

Book details
Citations

-->

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. -->
Accumulation Function;Annuity;Asset-Liability Management;Bond;Convexity;Financial Mathematics;Forward Rate;Full Immunization;Future Value;Internal Rate of Return;Macaulay Duration;Present Value;Redington Immunization;Spot Rate;Target-Date Immunization;Term Structure 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

How do I cancel my subscription?
Simply head over to the account section in settings and click on âCancel Subscriptionâ - itâs as simple as that. After you cancel, your membership will stay active for the remainder of the time youâve paid for. Learn more here.
What is the difference between the pricing plans?
Both plans give you full access to the library and all of Perlegoâs features. The only differences are the price and subscription period: With the annual plan youâll save around 30% compared to 12 months on the monthly plan.
What is Perlego?
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1 million books across 1000+ topics, weâve got you covered! Learn more here.
Do you support text-to-speech?
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more here.
Is Financial Mathematics for Actuaries an online PDF/ePUB?
Yes, you can access Financial Mathematics for Actuaries by Wai-Sum Chan, Yiu-Kuen Tse;;; in PDF and/or ePUB format, as well as other popular books in Business & Financial Engineering. We have over one million books available in our catalogue for you to explore.

Publisher
WSPC
Year
2017
ISBN
9789813224698
Edition
2