FIN 442 - Fixed Income and Derivative Securities

Prerequisite, FIN 421 with a grade of “B” or higher. This course focuses on pricing, risk management and institutional issues in the fixed income and derivative markets. Topics include bond sectors, yield spreads, swaps, arbitrage-free valuation, forward rate and term structure theories, futures pricing, option payoffs and strategies, option pricing models, option sensitivities and hedging. (Offered as needed.) 3 credits