Financial Mathematics for Actuaries
作/譯者
版次
3 版
年份
2022
ISBN
9789811245671
產品分類
產品型式
平裝
頁數
345 ⾴
定價
1,500元
This book provides a thorough understanding of the fundamental concepts of financial mathematics essential for the evaluation of any financial product and instrument. Mastering concepts of present and future values of streams of cash flows under different interest rate environments is core for actuaries and financial economists. This book covers the body of knowledge required by the Society of Actuaries (SOA) for its Financial Mathematics (FM) Exam.

The third edition includes major changes such as an addition of an "R Laboratory" section in each chapter, except for Chapter 9. These sections provide R codes to do various computations, which will facilitate students to apply conceptual knowledge. Additionally, key definitions have been revised and the theme structure has been altered.

Students studying undergraduate courses on financial mathematics for actuaries will find this book useful. This book offers numerous examples and exercises, some of which are adapted from previous SOA FM Exams. It is also useful for students preparing for the actuarial professional exams through self-study.
Ch 1 Interest Accumulation and Time Value of Money
Ch 2 Annuities
Ch 3 Spot Rates, Forward Rates and the Term Structure
Ch 4 Rates of Return
Ch 5 Loans and Costs of Borrowing
Ch 6 Bonds and Bond Pricing
Ch 7 Bond Yields and the Term Structure
Ch 8 Bond Management
Ch 9 Interest Rates and Financial Securities
Ch10 Stochastic Interest Rates
作者:Wai-Sum Chan
現職:The Chinese University of Hong Kong

作者:Yiu-Kuen Tse
現職:Singapore Management University
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