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CT1 Q&A Bank 4.20 Changes in interest rates

F

Faith Nyanchama

Member
Hello...
Anyone please explain to me this question...
And why isn't it 7v+14v^2+ 112v^3. Because the bonds are redeemable at yrlear one ,two and three.


Question 4.20
 

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The three year bond is only redeemable in 3 years which is why it is 98= 7v + 7v² + 112v³
 
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