Financial Mathematics for Actuaries

Wai-Sum Chan and Yiu-Kuen Tse
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Wai-Sum Chan: The Chinese University of Hong Kong, Hong Kong
Yiu-Kuen Tse: Singapore Management University, Singapore

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: 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.

Keywords: Actuarial exam; FM Exam; SOA; Actuaries; Theory of Interest; Annuities; Bond Pricing; Loans; Borrowing; Financial Mathematics; Annuity-Due; Annuity-Immediate; Duration; Convexity; Interest Rate Swaps; Frequency of Compounding; Perpetuity; Time-Weighted Rate of Return; Dollar-weighted Rate of Return; Yield Rate (search for similar items in EconPapers)
JEL-codes: C6 C88 E22 E43 G10 G22 (search for similar items in EconPapers)
Date: 2021
ISBN: 9789811243271
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