Miscellaneous Links
Solutions to Fall 2013 Final. (All from manual.)
Solutions to Fall 2012 Midterm.
Solutions to Fall 2011 Final (taught by Professor Sommers).
Solutions to Fall 2011 Midterm (taught by Professor Sommers).
Solutions to Fall 2010 Final.
Solutions to Fall 2010 Midterm.
Solutions to Fall 2009 Final.
Solutions to Fall 2009 Midterm.
Here is a link to some 497FM/441 Midterm
review problems
and their
solutions in PDF format.
Here is a link to the
UMass Actuarial program homepage. This page posts announcements
of events at UMass, and has links with more information for students
interested in a career in Actuarial science.
Here is a link to a
Bloomberg
(as in Mayor Michael Bloomberg of NYC)
page which posts current and old key interest rates, such as
the short term Fed rate, various LIBOR rates, and Treasury
bond rates.
Note T-bills, T-bonds, and T-notes are all treasury bonds but
with different specifications, like maturities.
Interested in actual stock quotes for last 30 years? Or other
financial data?
Here is a link to the
Yahoo finance web page with such information.
An
article on how Treasury rates dropped to 0% and bond yields
became negative! For once, banks were at a disadvantage
compared to small investors.
For more historical data of ``risk-free" interest rates,
compare
LIBOR rates
and
Treasury rates.
See what happened in Fall 2008 just before and after the
taxpayers bailed out the banks with $750 billion?
For Math 497G (Math Finance II, which I taught in Spring 2009),
but in language anyone can understand:
a long
article
on Value at Risk and its role in the current financial crisis;
a brief
article
on credit default swaps and their role in the current financial crisis;
a more supportive
article
on credit default swaps;
a 25-minute
PBS video
on credit-rating agencies and their role in the current
financial crisis.
Interested in a career in financial engineering?
Here are some links with information.
International Association of Financial Engineers
Global Association of Risk Professionals
Financial Engineering News