Options, Futures and Swaps.

Catalog description

Semester course; 3 lecture hours. 3 credits. Prerequisite: FIRE 312 or FIRE 317 , each with a minimum grade of C. Enrollment is restricted to students who have completed at least 54 credit hours (junior standing). Analysis and valuation of speculative securities and markets, including options, futures and swaps, with emphasis on their use for hedging and speculative purposes. Major valuation models and term structure models are discussed with applications to problems in finance considered.