Exam fm sample questions - Society of Actuaries

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10. A 10,000 par value 10-year bond with 8% annual coupons is bought at a premium to yield an annual effective rate of 6%. Calculate the interest portion of the 7 th coupon. (A) 632 (B) 642 (C) 651 (D) 660 (E) 667 11/08/04 14
11. A perpetuity-immediate pays 100 per year. Immediately after the fifth payment, the perpetuity is exchanged for a 25-year annuity-immediate that will pay X at the end of the first year. Each subsequent annual payment will be 8% greater than the preceding payment. The annual effective rate of interest is 8%. Calculate X. (A) 54 (B) 64 (C) 74 (D) 84 (E) 94 11/08/04 15
Page 1 and 2: SOCIETY OF ACTUARIES EXAM FM FINANC
Page 3 and 4: 1. Bruce deposits 100 into a bank a
Page 5 and 6: 3. Eric deposits 100 into a savings
Page 7 and 8: 5. An association had a fund balanc
Page 9 and 10: 7. 1000 is deposited into Fund X, w
Page 11: 9. A 20-year loan of 1000 is repaid
Page 15 and 16: 13. Ernie makes deposits of 100 at
Page 17 and 18: 15. A 10-year loan of 2000 is to be
Page 19 and 20: 17. To accumulate 8000 at the end o
Page 21 and 22: 19. You are given the following inf
Page 23 and 24: 20. David can receive one of the fo
Page 25 and 26: 22. You have decided to invest in B
Page 27 and 28: 24. A 20-year loan of 20,000 may be
Page 29 and 30: 26. Seth, Janice, and Lori each bor
Page 31 and 32: 27. Bruce and Robbie each open up n
Page 33 and 34: 29. At an annual effective interest
Page 35 and 36: (E) Breakeven Breakeven 11/08/04 37
Page 37 and 38: 32. An investor pays $100,000 today
Page 39 and 40: 11/08/04 41
Page 41 and 42: (E) 8.9% 11/08/04 43
Page 43 and 44: 36. Calculate the duration of a com
Page 45 and 46: 38. - 44. skipped 11/08/04 52
Page 47 and 48: (E) 25% 11/08/04 54
Page 49 and 50: 47. Bill buys a 10-year 1000 par va
Page 51 and 52: 49. Happy and financially astute pa
Page 53 and 54: The following information applies t
Page 55 and 56: The following information applies t
Page 57 and 58: 54. Matt purchased a 20-year par va
Page 59 and 60: 56. Sue purchased a 10-year par val
Page 61 and 62: 58. You are given the following inf
Page 63:
60. You are given the following inf
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