How convexity and duration are used to solve real business problems. But before moving to that let’s first understand what convexity and duration actually is! Duration (or modified duration) is …
CM1 Core Mathematics 1: First Milestone of New Curriculum
Actuarial Core Mathematics 1 (CM1) forms the core for classical actuarial expertise. It is one of the most interesting subjects and practical subjects with wide applicability. It provides students with …