Page 2 of 6 Name _
1. A 12 year $1000 par value bond paying semi-annual coupons is purchased for $980.
(5) a. If each coupon is $30, write a valid equation of value and determine the annual
effective bond yield (to the nearest basis point).
'(a)
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Q80:
MAi rl 4065 Exam 3 Name
Ins ' ns
Unless the problem states differently, you must show your work to receive full credit. This
includes showing appropriate equations of value (using appropriate symbols).
Unless noted otherwise, ﬁnal monetary responses shoul
MATH 4065 Exam 1 Name 5 o“ b 5. 00.5
lnstrugjgns _
Unless the problem states differently, to receive credit you must show enough work that
demonstrates your understanding of the problem. This includes showing appropriate
equations of value (using appropri