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  • The Infinite Actuary, LLC 21 Joint Exam 2/FM (A.4.P Problem Set)

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    The Infinite Actuary, LLC 21 Joint Exam 2/FM (A.4.P Problem Set)

    Uploaded by

    eric3765

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
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    The Infinite Actuary, LLC 21 Joint Exam 2/FM (A.4.

    P Problem Set)
    21. An n-year 1000 par value bond with 8% annual coupons has an
    annual effective yield of i, i> 0. The book value of the bond at the
    end of the year 3 is 1099.84 and the book value at the end of year 5
    is 1082.27.

    Calculate the purchase price of the bond.


    (A) 1112

    (B) 1122

    (C) 1132

    (D) 1142

    (E) 1152

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