This is a list of Math437 homework problems, which are mainly old FM exam questions from the sections in textbook we will cover. You must hand in the written homwork problems on time for graded assignments. There is no extension for the wirtten homework. I won't return your homework, you should leave your own copy before you hand in. If you hand in the homwork after due date, you will receive zero. Be sure to review the homework before you take the quizzes and exams.
| Section | Topic | Problems on Textbook | Hw points | Written HW | Due Date |
| 1.1 | Simple interest, present value and future value | page 22:1-13 | 1-6 | 9/25/2015 | |
| 1.2 | Effective Rate of discount, Nominal Rates | page 38: 1-12 | 1-6 | 9/25/2015 | |
| 1.3 | Force of interest/trap and power series | page 55:1-31, page 71:1-17 | 1-15/1-8 | 9/25/2015 | |
| 1.4 | Equivalent rate and varying rate case | page 85:1-6 | hw1: 3 points | 1-3 | 9/25/2015 quiz1 |
| 2.1 | Equations of value, Time value of money and time diagrams, unknown interest rate | page 98:1-17 | 1-8 | 10/2/2015 | |
| 3.1 | The GM series, annuity-immediate/due, The deceptively simple function | page 121:1-18 | 1-9 | 10/2/2015 | |
| 3.2 | Annuity Values on any date Perpetuity-immediate/due, Trick | page 136:1-24, page 150:1-9 | 1-12/1-4 | 10/2/2015 | |
| 3.3 | unknow time, unknown rate of interest, varying interest | page 158:1-15, page 167:1-5 | hw2: 2 points | 1-7/1-2 | 10/2/2015 |
| 4.1 | Annuities with off payments, Payments more frequent than the interest period | page 179:1-39 | 1-18 | 10/9/2015 | |
| 4.2 | continuous Annuities and double-dots cancel | page 200:1-8 | hw3: 2 points | 1-4 | 10/9/2015 quiz2 |
| 4.3 | payments in Arithmetic progression | page 219:1-48, page 243:1-22 | 1-10/1-5 | 10/16/2015 | |
| 4.4 | Continuous varying annuities, A short-cut method for the palindromic annuity | page 257:1-5, page 263:1-4 | 1-2/1-2 | 10/16/2015 | |
| 5.1 | Discount cash flow, uniqueness of the yield rate, reinvestment rates | page 273:1-23 | 1-10 | 10/16/2015 | |
| 5.2 | Interest measurment of a fund | page 291:1-17 | 1-5 | 10/16/2015 | |
| 5.3 | Portfolio Methods and Investment year methods | page 302:1-2, | hw4: 3 points | 1 |
10/16/2015 mid-term |
| 6.1 | Amortizing a loan | page 316:1-74 | 1-15 | 10/23/2015 | |
| 6.2 | Don't be sunk by sink funds, General approach to SF problem | page 345:1-26 | 1-8 | 10/23/2015 | |
| 6.3 | Outstanding blance, varying series of payments | page 358:1-5, page 364:1-19 | 1-2/1-9 | 10/23/2015 | |
| 6.4 | Equal principal repayments | page 374:1-8 | hw5: 2 points | 1-4 | 10/23/2015 |
| 7.1 | Bonds, Find price of bond | page 387:1-39 | 1-15 | 10/30/2015 | |
| 7.2 | Premium and discount | page 406:1-20 | 1-10 | 10/30/2015 | |
| 7.3 | price between coupon dates, determination of yield rates | page 420:1-7, | 1-3 | 10/30/2015 | |
| 7.4 | Callable bond | page 427:1-5 | 1-2 | 10/30/2015 | |
| 8.1 | Financial instruments | page 435:1-13 | hw6: 2 points | 1-6 | 10/30/2015 quiz3 |
| 9.1 | Recognition of Inflation, yield curves | page 451:1-15 | 1-7 | 11/13/2015 | |
| 9.2 | Duration of a single cash flow, Macaulay duration, Macaulay duration as a measure of price sensitivity, modified duration, duration of a portfolio, change in duration as time goes by | page 469:1-9 | 1-4 | 11/13/2015 | |
| 9.3 | Redington immunization, full immunization, anoe on rebalancing, immunization by exact matching, effective duration and convexity | page 491:1-6 | 1-3 | 11/13/2015 | |
| 10.1 | Introduction to derivative | page 507:1-19 | 1-9 | 11/13/2015 | |
| 11.1 | forward contract | page 521:1-12 | hw7: 2 points | 1-6 | 11/13/2015 quiz4 |
| 12.1 | call option | page 532:1-13 | 1-6 | 12/11 | |
| 13.1 | put option | page 545:1-9 | 1-4 | 12/11 | |
| 14.1 | comparing contracts | page 564:1-11 | 1-5 | 12/11 | |
| 15.1 | insuring your position | page 581:1-13 | 1-6 | 12/11 | |
| 16.1 | put-call parity; combining option | page 613:1-14 | 1-7 | 12/11 | |
| 17.1 | Risk Management | Page 641:1-13 | 1-6 | 12/11 | |
| 18.1 | Financial Forward and Futhures | page 661:1-11 | 1-5 | 12/11 qui5(12/9) | |
| 19.1 | Swaps | page 680:1-10 | hw8: 4 points | 1-5 | 12/11 quiz6(12/11) |
Your instructor require you to complete online homeworks and written homeworks for the homework's 20%, and try the practice problems before take quizzes/Exams. In any case, it is important that you study these problems for several reasons: