Derivatives and the Options Market

Catalog description

This course builds on mathematical models of bond and stock prices and covers two major areas of mathematical finance with significant impact on operating-model financial markets, namely, Black-Scholes arbitrage pricing of options, and other derivative securities and interest rates together with their term structure. The course makes significant use of probability and calculus, covering the material in a mathematically rigorous and complete manner. | Prerequisite: FIN-UY 2203 . Co-requisite: ( FIN-UY 2003 and FIN-UY 2103 ) or MG-UY 3214 .