Exam fm sample questions - Society of Actuaries

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34. You are given the following information with respect to a bond: par amount: 1000 term to maturity 3 years annual coupon rate 6% payable annually Term Annual Spot Interest Rates 1 7% 2 8% 3 9% Calculate the annual effective yield rate for the bond if the bond is sold at a price equal to its value. (A) 8.1% (B) 8.3% (C) 8.5% (D) 8.7% 11/08/04 42
(E) 8.9% 11/08/04 43
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 and 12: 9. A 20-year loan of 1000 is repaid
Page 13 and 14: 11. A perpetuity-immediate pays 100
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: 11/08/04 41
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

Exam fm sample questions - Society of Actuaries

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