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Chapter 7. Derivatives markets. Manual for SOA Exam FM/CAS Exam 2.
 

Summary: 1/21
Chapter 7. Derivatives markets.
Manual for SOA Exam FM/CAS Exam 2.
Chapter 7. Derivatives markets.
7.7. Equity linked certificates of deposit.
c 2009. Miguel A. Arcones. All rights reserved.
Extract from:
"Arcones' Manual for the SOA Exam FM/CAS Exam 2,
Financial Mathematics. Fall 2009 Edition",
available at http://www.actexmadriver.com/
c 2009. Miguel A. Arcones. All rights reserved. Manual for SOA Exam FM/CAS Exam 2.
2/21
Chapter 7. Derivatives markets. Section 7.7. Equity linked certificates of deposit.
Equity linked certificates of deposit
To estimate the evolution of the stock market, stock indexes are
used. A stock market index is a listing of stocks and a way to
obtain the composite value of its components. The three most
used stock indexes are the (Dow Jones) Dow Jones Industrial
Average, (S & P 500) Standard & Poor's 500 index, and the
NASDAQ Composite Index. Usually the composite value of an

  

Source: Arcones, Miguel A. - Department of Mathematical Sciences, State University of New York at Binghamton

 

Collections: Mathematics