Macaulay Convexity & Modified Convexity | Exam FM | Financial Mathematics Lesson 32 - JK Math

How to Find Macaulay & Modified Convexity (Financial Mathematics Lesson 32)

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In this video you will learn about Macaulay and Modified convexity. Convexity is the measurement of the sensitivity of the duration of a set of cashflows to change with changes in the interest rate. You will learn how to calculate Macaulay and Modified convexity, as well as how their calculations are related to each other and to their duration counterparts.

This video series is designed to help students understand the concepts of mathematics of investment and credit, as well as provide a starting point in preparation for the Actuarial Exam FM (Financial Mathematics).

Financial Mathematics requires a proficient understanding of Calculus concepts such as derivative and integration techniques. This implies that a solid understanding in various algebra skills, including manipulating equations, basic factoring methods, solving logarithmic equations, and more, are also required to fully comprehend and learn the concepts of the Financial Mathematics course.

Video Chapters:
0:00 What is Convexity?
1:40 Macaulay Convexity (MacC)
6:12 Modified Convexity (ModC)
13:24 Alternate ModC Formula
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Видео Macaulay Convexity & Modified Convexity | Exam FM | Financial Mathematics Lesson 32 - JK Math канала JK Math