IOUs issued by government, banks,
Short-term financial instrument
Usually matures in less than one year
Liquid and high denominations
No physical trading floors
trading over the phone, telex or fax
Price info supplie
Market rate of interest for
Theoretical zero coupon instruments that
Matures at any future date
Prices of real financial instruments that
Trade in a liquid market
Liquid market instruments do no
Unit Testing & JUnit
What is unit testing?
A unit typically refers to a method in a Java
A unit test case is an test execution of a
A test suite is a careful selected set of unit
Why unit testing?
Liang, Introduction to Java Programming, Pearson Education, Inc.
Adapted by S.C. Cheung
To learn the steps involved in using arrays: declaring array reference
variables and creating arrays.
To initialize the values in an array.
Primitive Data Types and Operations
Liang, Introduction to Java Programming
To write Java programs to perform simple calculations.
To use identifiers to name variables, constants, methods, and
To use variables to store data.
Monte Carlo Simulation
The change z over a small period of time t is
z = t
where is a random drawing from a standardized normal
The values of z for any two different short intervals of
time t are independ