1 a bond has 1 year to maturity 6 coupon 8 yield and pays, Ask an Expert

Finance

1. A bond has 1 year to maturity, 6% coupon, 8% yield and pays semiannually. The price of the bond is $981.139. If yield increases by 25 basis points, calculate the new bond price using the duration model.

978.82

976.51

983.46

985.77

None of the above

2. Matt Miller, age 28, takes out $50,000 of straight-life insurance. His annual premium is $418.20. At the end of 20 years, the cash value of his policy is (use the tables in the handbook):

$13,250

None of these

$30,000

$26,000

$26,500

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92746035

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