GMidTermW09_morning_soln -...

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ActSc 371  Midterm Test  (Morning session Type A) Aids: non-programmable Calculator  This examination contains:  4 MC questions (2 pts for each) = total 8 pts 3 WA questions (pts specified  at each question) = total  25 point TOTAL: 33 pts Last page is the formula sheet. Instruction: Multiple choice (MC) type: Circle your answer. Note that -0.5 pts will be given for the wrong  answer. Written answer (WA) type: Answer all questions in the space provided. Show all work.  ID#: _____________________ Last Name: ____________________                  First Name: ____________________  Marks:  MC: _____________________ WA: _____________________ Total: _____________________
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Consider a Canadian bond which has a coupon rate of 7% with 8 years to maturity. The YTM is 8% on  bonds of this risk.  Compute the bond price $X and circle of the following ranges. A) X<900    B)  900<X<930    C)  930<X<960    D)  960<X<990    E)  X>990
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This note was uploaded on 05/23/2010 for the course ACTSC 371 taught by Professor Wood during the Winter '08 term at Waterloo.

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GMidTermW09_morning_soln -...

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