SOA FMFinancial Mathematics
Associateship (ASA)
2.5 hours·30 multiple-choice·≈250 study hoursScore 0/0 · 10 MC
- FM · Q1Multiple choiceBonds
A 10-year 1,000 face bond pays 5% annual coupons and is redeemable at par. Calculate its price to yield 6% annual effective.
- FM · Q2Multiple choiceBonds
A liability of 1,000 is due in 5 years. At 4% annual effective, calculate the modified duration of this liability.