SOA Exam FM Sample Question 448
Study guide: Exam FM-2
A twelve-year 2500 face amount bond has an annual coupon rate of 4.84% paid quarterly and is redeemable for C. The book values of the bond following the 4th and 19th coupons are 2092.88 and 2316.30, respectively.
Calculate the amount for accumulation of discount in the last coupon.
- A) 7.77
- B) 13.10
- C) 22.97
- D) 30.91
- E) 31.55
Answer this question and see the worked solution