Exam fm sample questions - Society of Actuaries
Exam fm sample questions - Society of Actuaries
Exam fm sample questions - Society of Actuaries
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50.<br />
A 1000 bond with semi-annual coupons at i (2) = 6% matures at par on October 15, 2020.<br />
The bond is purchased on June 28, 2005 to yield the investor i (2) = 7%. What is the<br />
purchase price?<br />
Assume simple interest between bond coupon dates and note that:<br />
Date<br />
Day <strong>of</strong> the Year<br />
April 15 105<br />
June 28 179<br />
October 15 288<br />
(A) 906<br />
(B) 907<br />
(C) 908<br />
(D) 919<br />
(E) 925<br />
11/08/04 59
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