The faculty of the Mathematics Department invites everyone to attend our
Colloquium Series. Here is the information about our next talk.
Please call  Boris Belinskiy (755-4748) or Tom Kozubowski (755-4762)
for more information.

When:  Friday, April 23, 2:00 p.m.

Where: Metro 207

Speaker(s):  Kathy McCormack, Graduate Student at UTC

Title: Financial Derivatives

Abstract: Derivatives have been highlighted in the news as the villains
responsible for the financial downfall of Orange County, CA and the
Barings
PLC investment bank of Britain. Generally speaking, human judgment and not
derivatives are to blame. Basic types of derivatives will be outlined.
A model of how to price derivatives will be studied beginning with the
binomial tree model and expanding to a continuous model.