Revision as of 18:30, 19 November 2023 by Admin (Created page with "An investor purchased a 25-year bond with semiannual coupons, redeemable at par, for a price of 10,000. The annual effective yield rate is 7.05%, and the annual coupon rate is 7%. Calculate the redemption value of the bond. {{soacopyright | 2023 }} <ul class="mw-excansopts"><li>9,918</li><li>9,942</li><li>9,981</li><li>10,059</li><li>10,083</li></ul>")
Exercise
ABy Admin
Nov 19'23
Answer
An investor purchased a 25-year bond with semiannual coupons, redeemable at par, for a price of 10,000. The annual effective yield rate is 7.05%, and the annual coupon rate is 7%.
Calculate the redemption value of the bond.
Copyright 2023 . The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.
- 9,918
- 9,942
- 9,981
- 10,059
- 10,083