2
1 006 1 0.05 e tf Expectations
theory
f 0.0701 7.07 to
Pr 5 eioJÉv
1 10
YIM 61g Pr o
f 175 It fer w
PV 5 1 1 006 10
100
006 J t
11 0.06110
PV 92.640
3 o o055 50,000 2750
Fr 50,000
YIM 2 61
N 10years
PV 2750 1 11 0 0265 50,000 I 62625.17
J
t
0 026 y g gag
b Atthebeginningofeachyear thismeansthatthepaymentnowarrive1yearearlier
80 weonly have to movethe PVto 1yearearlier
PV 62625 17 1 0.02671 764253 42
1007
1 006 1 0.05 e tf Expectations
theory
f 0.0701 7.07 to
Pr 5 eioJÉv
1 10
YIM 61g Pr o
f 175 It fer w
PV 5 1 1 006 10
100
006 J t
11 0.06110
PV 92.640
3 o o055 50,000 2750
Fr 50,000
YIM 2 61
N 10years
PV 2750 1 11 0 0265 50,000 I 62625.17
J
t
0 026 y g gag
b Atthebeginningofeachyear thismeansthatthepaymentnowarrive1yearearlier
80 weonly have to movethe PVto 1yearearlier
PV 62625 17 1 0.02671 764253 42
1007