Mathematical techniques used to price and hedge derivative securities in modern finance. Modelling, analysis and computations for financial derivative products, including exotic options and swaps in all asset classes. Applications of derivatives in practice. [Offered: F,W] Prereq: (AFM 372/ACTSC 391 or(ACTSC 231&371)or(ACTSC 231&BUS 393W)), (STAT 333 or 334); ACTSC majors, Bus/Math dbl deg, Math/Bus Fin Opt, Math/FARM, Math Fin, Math/Acct(Actsc or Fin Opt), Stat stdts. Antireq: AFM 322/474, BUS 423W, ECON 372, MATBUS 470
