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MATBUS 471Fixed Income Securities

Units
0.50
Faculty
Mathematics
Subject
Mathematical Business

When it runs

  1. F24
  2. W25
  3. S25
  4. F25
  5. W26
  6. S26
  7. F26
  8. W27
  9. S27

Ran in 7 of the last 7 terms. Winter 2027: scheduled, 2 lecture sections. Spring 2027: schedule not out yet.

Analysis of fixed income securities. Duration, convexity. Structured products. Market characteristics. Valuation of bonds with embedded options. Accounting and taxation issues.

Prerequisites

Antirequisites

  • Complete all of the following
    • Not completed nor concurrently enrolled in any of the following:
      • AFM425 - Fixed Income Securities (0.50)
    • Not completed nor concurrently enrolled in:

Leads to

No course lists it as a requisite.

Fall 2026 sections

Enrolment from UW Open Data, which can trail Quest by up to two days. Instructors and rooms: Schedule of Classes.
SectionClassEnrolledMeets
LEC 001621628 / 75TTh 14:30–15:50

Winter 2027 sections

Enrolment from UW Open Data, which can trail Quest by up to two days. Instructors and rooms: Schedule of Classes.
SectionClassEnrolledMeets
LEC 00158320 / 96TTh 10:00–11:20
LEC 701229515 / 9999Online or by arrangement

Reviewed on UW Flow

83% liked it43% easy100% useful

From 18 ratings and 3 comments on UW Flow. The most helpful comments, quoted as written, without names. Read them all on UW Flow.

  • Prof Peter Wood is the GOAT. Case closed.

    Jan 2026 · liked itOn UW FlowRemove this

  • What makes this course hard is the breadth of content, there's just a lot that's covered, and almost all of it is very inter-connected or builds on top of previous topics. Very well structured course and assessments are fair. Great course overall.

    Apr 2025 · liked itOn UW FlowRemove this

  • Probably one of the best and most important course FARM student can do.

    Aug 2024 · liked itOn UW FlowRemove this

Discussed on r/uwaterloo

25 posts and comments in 22 threads mention MATBUS 471, March 2015 to December 2024. Quoted word for word, newest first; each reply sits under the post and the comment that started its branch. Search r/uwaterloo for newer posts.

Fall 2024

Spring 2023

CO 250 Online 1 point, 2 comments

“Took CO 250 with Martin Pei this past Spring term and my mark still hasn’t shown up on Quest, is everyone else in the same boat?”

u/Particularly_Lost: “I still don't have a grade for one of my courses (MATBUS 471) so it's def not a CO issue”

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Has anyone studied for CFA L1 in 2 months and passed? 1 point, 7 comments

u/Pyr04K: “Haven't found a co-op for next term yet so I'm thinking about spending next term doing MATBUS 470 and 471 as well as studying for CFA L1. I've seen a bunch of people online saying how it takes like 6 months or like 300 hours or whatever of total study time. …”

u/SoopaChris: “… On another note I think actsc 231 is prep for L1 quant, and matbus 470 and 471 is L2. I was told by previous colleague that the most annoying part is ethics, cuz they will give u really tricky questions and normally ppl don’t put enough attention on it. …”

u/Pyr04K: “… I chose matbus 470 and 471 next term cuz the topics coincide with the CFA L1 topics (if I'm not mistaken). …”

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Winter 2023

Take MATBUS471 1 point, 8 comments

u/Sufficient-Cry-1255: “I want to take MATBUS471 and 472 next term but it is only open to some specific programs. I am currently in FARM which is allowed to take this course but I might drop FARM later to Mathfin which is not allowed to take the course. Will there be any issues? …”

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Spring 2022

Winter 2022

Fall 2021

MATBUS 471 w Peter Wood 0 points, 1 comment

u/Dangerous-Reporter-5: “For anyone who’s done MATBUS 471 in the last few terms w Peter Wood, what does the Video Assignment look like? He said it’ll be conceptual questions, but wondering if anyone knows / remembers maybe like an example of a question that was asked? …”

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Spring 2021

Winter 2021

Bird Math courses (200, 300, 400 level) 9 points, 23 comments

“Wanna know some EASY math courses of level 200, 300 or 400, especially online. Send help pls. To be taken this spring 21, not planning to major in anything, so just want to take easy math courses to …”

u/Airbus-A320: “From what I've heard, ACTSC371, AMATH250, CS200, CS338, CO480, PMATH 321, PMATH 330, PMATH 340, STAT337, and STAT430 are all pretty light. MATBUS471 this term is pretty light so far... We'll see how the midterm goes \All of these are offered in the summer”

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Winter 2020

Why is FARM not apart of SAF? 1 point, 0 comments

“I was just wondering if anyone knows why the Mathematics/Financial Analysis and Risk Management program is not apart of the School of Accounting and Finance?”

u/FARNer411: “The program is not run by anyone from the School of Accounting and Finance (SAF) (which is part of the Arts faculty), it is run and created by members of the Math/Business department of the Math …”

u/financefarmingfarmer: “… 470 Afm 231 = comm 231 Afm 121 = comm 101 Financial Analysis specialization: Afm 425 = Matbus 471 Afm 291 = comm 321 Afm 492 = comm 421 Afm 361 = comm 433 Risk Management specialization: Afm 425 = matbus 471 Essentially for someone doing the FA spec. …”

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Fall 2019

Check it elsewhere for Fall 2026

Calendar versions

Undergraduate Calendar