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Owais

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  • September 9, 2016 at 7:09 pm #339538
    09e24c3dd412ddeb51bfed162f18c328f6e7e41918ff841e8f5e306dd1b31f29 80Owais
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    Q4
    (a)

    Yr1 pay $19.39* & rec $14*
    Yr2 pay $19.39 & rec $18.4
    Yr3 pay $19.39 & rec $21.6
    Yr4 pay $19.39 & rec $24.84

    * $400~4.847%= $19.39

    Need to compute Fra
    Yr1 same 3.5% yield = $14
    Yr2 $400~4.6%. = $18.4
    Yr3 $400~5.4%. = $21.6
    Yr4 $400~6.21%. = $24.84
    NB: minus 20 basis

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