exercise:Eca6017eb1: Difference between revisions
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(Created page with "A 15-year bond with a face amount of 5000, a redemption value of C, and an annual coupon rate of 7% paid quarterly is purchased at a price that yields an annual nominal rate of 5.6% convertible quarterly. The amount for amortization of premium in the third coupon payment is 6.88. Calculate C. <ul class="mw-excansopts"><li>5150</li><li>5165</li><li>5190</li><li>5235</li><li>5</li></ul> {{soacopyright | 2023 }}") |
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<ul class="mw-excansopts"><li>5150</li><li>5165</li><li>5190</li><li>5235</li><li> | <ul class="mw-excansopts"><li>5150</li><li>5165</li><li>5190</li><li>5235</li><li>5275</li></ul> | ||
{{soacopyright | 2023 }} | {{soacopyright | 2023 }} | ||
Latest revision as of 22:49, 19 November 2023
A 15-year bond with a face amount of 5000, a redemption value of C, and an annual coupon rate of 7% paid quarterly is purchased at a price that yields an annual nominal rate of 5.6% convertible quarterly.
The amount for amortization of premium in the third coupon payment is 6.88.
Calculate C.
- 5150
- 5165
- 5190
- 5235
- 5275
Copyright 2023 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.