P4 Sept Dec 17 question 1b(I)

This topic has 3 replies, 2 voices, and was last updated 8 years ago by John Moffat.

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March 7, 2018 at 4:37 pm #441087
Imad
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Hi John,

I hope you are well,

Looking at the answer of the required coupon rate, are you able to advise where 83.71 figure come from please?
March 7, 2018 at 5:32 pm #441109
John Moffat
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It is the PV of $100 discounted for 5 years at 3.62%

(It is the $100 x 1.0362^(-5) in the previous line).
March 8, 2018 at 12:09 am #441233
Imad
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Thanks John 🙂
March 8, 2018 at 9:34 am #441313
John Moffat
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You are welcome 🙂
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