Bond Calculations
Free SOA Exam FM (Financial Mathematics) lesson in Bonds. 14 min read, ~2,162 words.
Six parameters linked by the price formula. Given enough, solve for the rest. Yield: no closed form. Bond salesman's formula, then verify. Book value:. Uses original yield. Amortization in period:. Geometric with ratio. Makeham: where,.
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What this lesson covers
- Content
- Example 1
- Example 2
- Example 3
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- 4b
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