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Chapter 5. Bonds. Manual for SOA Exam FM/CAS Exam 2.
 

Summary: 1/17
Chapter 5. Bonds.
Manual for SOA Exam FM/CAS Exam 2.
Chapter 5. Bonds.
Section 5.2. Price of a bond.
c 2009. Miguel A. Arcones. All rights reserved.
Extract from:
"Arcones' Manual for the SOA Exam FM/CAS Exam 2,
Financial Mathematics. Fall 2009 Edition",
available at http://www.actexmadriver.com/
c 2009. Miguel A. Arcones. All rights reserved. Manual for SOA Exam FM/CAS Exam 2.
2/17
Chapter 5. Bonds. Section 5.2. Price of a bond.
Bonds
There are two kind of bonds: accumulation bonds and bonds
with coupons. The time at which the loan is repaid is called the
maturity date (or redemption date).
In the case of accumulation bonds, the borrower agrees to pay
the loan plus interest at a unique date, called the redemption
time. An accumulation bond is also called a zero coupon

  

Source: Arcones, Miguel A. - Department of Mathematical Sciences, State University of New York at Binghamton

 

Collections: Mathematics