Monash University

Areas of Study

Debt markets and fixed income securities

  • AFC2340
  • Clayton First semester 2013 (Day)
  • 6 points, SCA Band 3, 0.125 EFTSL
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Topics covered in this unit include: an introduction to mathematics of finance, rates of interest, rates of discount, present and accumulated value of cash flows under fixed and variable rates of interest, equation of value, applications to debt and retirement income stream markets, in particular the Australian annuity, short-term money market and capital markets; factors affecting accumulation under the Superannuation Guarantee Scheme; economic factors affecting the yield curve, zero coupon bonds, zero coupon bond yield curve, pricing bonds, bond yields, callable bonds, effect of tax on yield, annuity bonds, hybrids, CGB futures and options on futures, interest rate risk management by... -- Course Website

Prerequisites: AFC2000, AFC1100 (pre 2009) or AFC2100 (pre 2009)

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