UNIVERSITY OF WATERLOO 
AFM 322: Derivative Securities 
Comprehensive Revision Guide and Notes 2024 
 
Part 01. About This Guide 
Part 02. Sample Examination 
Part 03. Suggested Solutions to Exam Paper 
Part 04. Study Tips for Students 
 
The 24/7 Online Support You Deserve 
Need to reach out to us with questions or for help? You'll connect with a private tutor who is extremely passionate about the course, ready to provide assistance and ensure that you're on the right track to graduating. 
 
Looking for additional study resources? 
Find out about all the services and resources available for students at the University of Waterloo

University of Waterloo - AFM 322: Derivative Securities (Solutions)

C$35.00

ACADEMIC YEAR 2024 - 2025

University	University of Waterloo
School	Accounting and Finance
Course Code	AFM 322
Course Name	Derivative Securities
Notes Title	Comprehensive Revision Guide and Notes
Page Length	30

This guide provides students with an excellent opportunity to familiarize themselves with the content and format of the updated final examination for AFM 322: Derivative Securities at the University of Waterloo in 2024. It also offers a chance to practice useful exam techniques. The guide focuses on core exam questions and includes clear, simple diagrams that facilitate understanding and recall during the real exam. Thoroughly updated, this self-study set covers all topics included in the latest edition of the course, ensuring students are fully prepared to tackle the final examination with confidence. Note: Students have the option to request a paperback version at checkout.

AFM 322: Derivative Securities is an introductory course on the valuation and applications of financial derivatives, including options, futures, forwards, and swaps. Key topics covered are option valuation models, arbitrage and option markets, option strategies and hedging, futures markets, hedging with futures, delta hedging, and the Greeks. Additionally, the course explores plain vanilla swaps, interest rate caps and floors, swaptions, credit default swaps, Value at Risk (VaR), and Expected Shortfall (ES). Prerequisites include completing at least one of ACTSC 291, AFM 272, or AFM 273. Antirequisites include ACTSC 446, ECON 372, MATBUS 470, and STAT 446, meaning students cannot enroll if they have completed or are concurrently enrolled in these courses.

COURSE CODE	COURSE NAME
AFM 101	Introduction to Financial Accounting
AFM 102	Introduction to Managerial Accounting
AFM 231	Business Law
AFM 272	Corporate Finance 1
AFM 280	Introduction to Organizational Behaviour
AFM 291	Intermediate Financial Accounting 1
AFM 322	Derivative Securities
AFM 361	Taxation 1
AFM 372	Business Finance 2
AFM 391	Intermediate Financial Accounting 2
AFM 472	Equity Investments
MGMT 244	Principles of Marketing
ECON 101	Introduction to Microeconomics
ECON 102	Introduction to Macroeconomics
ECON 221	Statistics for Economists
ECON 290	Models of Choice in Competitive Markets
ECON 322	Econometric Analysis 1
ECON 323	Econometric Analysis 2
ECON 371	Business Finance 1
ECON 372	Business Finance 2
ECON 423	Time Series Econometrics

University of Waterloo - AFM 322: Derivative Securities (Solutions)

INFORMATION

COURSE DESCRIPTION

RELATED COURSES