This course provides a framework to understand how financial markets operate and how they establish the cost of capital demanded by investors through market interest rates. Course presents valuation models for bonds, the impact of the Federal Reserve on the level and term structure of interest rates, measures of interest rate risk, financing markets for securities and how these define the pricing of futures and forward contracts.
prereq: FINA 3001 or FINA 3001H; CSOM mjr or NONM or Management minor or Math/Actuarial Science major.