3 credit hoursPrerequisite: ACSI 4200/MATH 4200. For students in Actuarial Science, offers preparation for a Society of Actuaries/Casualty Actuarial Society VEE (validation by educational experience) Course. Topics include mathematical modeling of volatility; pricing of bonds, stocks, and other derivatives with uncertainty; benchmark portfolios; asset/liability management for property/casualty insurers; liability associated with a financially distressed company. Heath-Jarrow-Morton and Cox-Ingersoll-Ross models.