Learning Outcome Statements

1. Principles of Arbitrage-Free Pricing and Valuation of Forward Commitments

a. describe and compare how equity, interest rate, fixed-income, and currency forward and futures contracts are priced and valued;

b. calculate and interpret the no-arbitrage value of equity, interest rate, fixed-income, and currency forward and futures contracts;

2. No-Arbitrage Forward Contracts

a. describe and compare how equity, interest rate, fixed-income, and currency forward and futures contracts are priced and valued;

b. calculate and interpret the no-arbitrage value of equity, interest rate, fixed-income, and currency forward and futures contracts;

3. Equity Forward and Futures Contracts

a. describe and compare how equity, interest rate, fixed-income, and currency forward and futures contracts are priced and valued;

b. calculate and interpret the no-arbitrage value of equity, interest rate, fixed-income, and currency forward and futures contracts;

4. Interest Rate Forward and Futures Contracts

a. describe and compare how equity, interest rate, fixed-income, and currency forward and futures contracts are priced and valued;

b. calculate and interpret the no-arbitrage value of equity, interest rate, fixed-income, and currency forward and futures contracts;

5. Fixed-Income Forward and Futures Contracts

a. describe and compare how equity, interest rate, fixed-income, and currency forward and futures contracts are priced and valued;

b. calculate and interpret the no-arbitrage value of equity, interest rate, fixed-income, and currency forward and futures contracts;

6. Currency Forward and Futures Contracts

a. describe and compare how equity, interest rate, fixed-income, and currency forward and futures contracts are priced and valued;

b. calculate and interpret the no-arbitrage value of equity, interest rate, fixed-income, and currency forward and futures contracts;

7. Pricing and Valuing Swap Contracts

c. describe and compare how interest rate, currency, and equity swaps are priced and valued;

d. calculate and interpret the no-arbitrage value of interest rate, currency, and equity swaps.

8. Interest Rate Swap Contracts

c. describe and compare how interest rate, currency, and equity swaps are priced and valued;

d. calculate and interpret the no-arbitrage value of interest rate, currency, and equity swaps.

9. Currency Swap Contracts

c. describe and compare how interest rate, currency, and equity swaps are priced and valued;

d. calculate and interpret the no-arbitrage value of interest rate, currency, and equity swaps.

10. Equity Swap Contracts

c. describe and compare how interest rate, currency, and equity swaps are priced and valued;

d. calculate and interpret the no-arbitrage value of interest rate, currency, and equity swaps.