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Bond

This topic has 1 reply, 2 voices, and was last updated 3 years ago by John Moffat.

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May 16, 2021 at 7:15 pm #620771
Eustacia35
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(ii) Calculate the current market price of a zero coupon bond with a face amount of $1,000, maturing in 20 years, and priced to yield 8
May 17, 2021 at 8:25 am #620794
John Moffat
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I assume you mean a yield of 8%.
Discount the redemption amount of $1,000 for 20 years at 8% !!
This is all explained in my free lectures. The lectures are a complete free course for Paper FM and cover everything needed to be able to pass the exam well.
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