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Columbia Campus    
2019-2020 Undergraduate Studies Bulletin 
    
 
  Nov 21, 2024
 
2019-2020 Undergraduate Studies Bulletin

MATH 514 - Financial Mathematics I

Credits: 3

Probability spaces. Random variables. Mean and variance. Geometric Brownian Motion and stock price dynamics. Interest rates and present value analysis. Pricing via arbitrage arguments. Options pricing and the Black-Scholes formula.

Cross-listed Course: STAT 522

Prerequisites: C or higher in MATH 241 or the consent of the Undergraduate Director