Tulane University Law School

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FINE 6050 - Exam 1 & 2 - Study Guide.

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1.) BOND & STOCK VALUATIONExample 1:What is the price of a $1,000 par, pure discount bond having six years left to maturity, andwhose YTM is 8.25%?FPV=Which Formula to Use?t(1+r)tHow to Work the Problem:PV = $1,000/(1+.0825)6PV = $621..50Question 1:How do you calculate the Pure Discount Bond's Yield to Maturity?FPV¿FFPV=t¿(1+r)=Answer 1-e?Can be derived fromttPV(1+r)1t(¿¿)−1Tr=¿tExample 2:The December 21, 1993, Wall Street Journal reports a oneyear, $10,000 par Treasury Bill‐s...

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