clairegirl
the name's Anne!
im having so much trouble with this question
acturial pple help me
A $1,000 bond has coupons (interest payments) at j2 = 5.7% and is redeemable at 102 on 1 May 2014. Find the purchase price on 1 November 2005 if the desired yield is 8.1% per annum convertible half-yearly.
my equation of value that i made is
p= 32a(0.045,29) + 103(1.045)^-29
the answer is 808.27 but i don't get it
is there something wrong with my equation of value?
acturial pple help me
A $1,000 bond has coupons (interest payments) at j2 = 5.7% and is redeemable at 102 on 1 May 2014. Find the purchase price on 1 November 2005 if the desired yield is 8.1% per annum convertible half-yearly.
my equation of value that i made is
p= 32a(0.045,29) + 103(1.045)^-29
the answer is 808.27 but i don't get it
is there something wrong with my equation of value?