exercise:B9b306d049: Difference between revisions
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(Created page with "An n-year bond with an annual coupon rate of r % has the following characteristics: # The face amount is 980. # Coupons of 49 are paid semiannually. # The annual nominal yield rate convertible semiannually is (r + 1.8)%. # The purchase price is 915.70. # The redemption value is 1000. Calculate n. <ul class="mw-excansopts"><li>2</li><li>3</li><li>4</li><li>5</li><li>6</li></ul> {{soacopyright | 2023 }}") |
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# The face amount is 980. | # The face amount is 980. | ||
# Coupons of 49 are paid semiannually. | # Coupons of 49 are paid semiannually. | ||
# The annual nominal yield rate convertible semiannually is (r + 1.8)%. | # The annual nominal yield rate convertible semiannually is (r + 1.8)%. | ||
Latest revision as of 22:44, 19 November 2023
An n-year bond with an annual coupon rate of r % has the following characteristics:
- The face amount is 980.
- Coupons of 49 are paid semiannually.
- The annual nominal yield rate convertible semiannually is (r + 1.8)%.
- The purchase price is 915.70.
- The redemption value is 1000.
Calculate n.
- 2
- 3
- 4
- 5
- 6
Copyright 2023 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.