The answer for this 105.65
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IN FIXED INCOME IN ONE THE CLASSES SIR MADE A SLIGHT ERROR WHILE DICTATING THE EXAMPLE WHICH WAS VERIFIED LATER IN THE CLASS, CAN ANYBODY MENTION THE CLASS NUMBER?
in the asset pool in mortgage-backed securities…. people are paying EMIs i.e interest and principal both…but the bond that SPE issues are a bullet bond i.e they only want interest for now but principal later… isn’t it creating an asset-liability ...
A two-year floating-rate note pays six-month Libor plus 80 bps. The floater is priced at 97 per 100 of par value. The current six-month MRR is 1.00%. Assume a 30/360 day-count convention and evenly spaced periods. The discount margin for ...