Exam (elaborations)
INV3702 – INVESTMENTS: FIXED INCOME ANALYSIS EXAM MEMO 2023
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INV3702 – INVESTMENTS: FIXED INCOME ANALYSIS EXAM MEMO 2023 Other things equal, for option-free bonds: An investor has a 1-year, semiannual, 10% coupon bond which is priced at R 1,025. If the 6-month spot rate on a bond-equivalent basis is 8%, the 1-year theoretical spot rate as a BEY is:The 3-ye...
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