Duration analysis and immunization. Interest rate derivative securities and their application in asset-liability management. Stochastic approaches to risk management. [Offered: F,S] Prereq: (AFM 372/ACTSC 391 or (ACTSC 231, 371) or (ACTSC 231, BUS 393W)), ((STAT 330, 333) or STAT 334); Actuarial Sci majors, Bus/Math double deg, Math/Bus Fin Opt, Math/FARM, Math Finance, Math/Accounting Actsc or Finance Opt students. Antireq: AFM 425
