Page 46 - FINAL CFA SLIDES DECEMBER 2018 DAY 14
P. 46

LOS 52.a: Calculate a bond’s price
     given a market discount rate., p.36                          Session Unit 14:
                                                                  52. Introduction To Fixed Income Valuation




















                                                         tanties
      The value of a zero-coupon bond is simply the present value of the maturity payment. With a discount rate of
      3% per period, a 5-period zero-coupon bond with a par value of $1,000 has a value of:
   41   42   43   44   45   46   47   48   49   50   51