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AFC2340 - Debt markets and fixed income securities

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate Faculty of Business and Economics

Leader: Associate Professor Roger Gay


Clayton Second semester 2007 (Day)


Topics covered in this unit include: an introduction to mathematics of finance, applications to debt markets, in particular the Australian annuity, short-term money market and capital markets; economic factors affecting the yield curve; interest rate risk management by immunisation; life contingencies, the mortality table, actuarial bases, life annuities, assurances, valuation of life interests, optimal conversion of lump sum to a retirement income stream, and retirement income streams.


The learning objectives of this unit are to:


Option 1: Assignment: (20%)
Examination (3 hours) 80%
Option 2: Examination (3 hours): 100%

Contact hours

Three hours per week


ETC1000 plus either (i) AFC1100 or (ii) AFC2100 or (iii) AFC2140