FNCE-4040 (3) Derivative Securities

Develops the modern theory of contingent claims in a mathematical framework oriented toward applications. Examines how to use derivatives for risk management and to tailor portfolio payoffs. Provides an in-depth analysis of the properties of options. Prereq., FNCE 3010. Prerequisites: Requires pre-requisite course of FNCE 3010. Restricted to Business majors with 52-180 units completed.