Statistical Sciences 2035 Lecture Notes - Lecture 20: Actuarial Science, Accrued Interest
11 Apr 2016
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Actuarial science 2053 final exam formula page. + c (1+ i ) n n i. Bk = bk 1 pk = fr a. + c (1+ i) (n k) ikn. P = c + (fr ci) a n i. Sum of book value adjustment column = premium/discount = p1 s in. P = p0 (1 + i ) k, where p0 = price on most recent coupon date. Q = p i , where i = accrued interest k = (days between last coupon date and date of sale) / (days in bond interest period) Average interest payment = [n (f r) + c p] / n and average amount invested = [p + c] / 2. Maturity value = c + f r s rn. 1 n (cid:3) (cid:1) (cid:2) (cid:6) (cid:4) (cid:5) P & q formula: a = p a in. Duration of a bond (at the time of issue)
