标题: Contingent Immunization (I want to shoot myself) [打印本页] 作者: LBriscoe 时间: 2011-7-13 13:45 标题: Contingent Immunization (I want to shoot myself)
Ok, so, page 37 Book 4, I see where the end value (546.72) comes from
Soooo
Moving on to the shift to 5.8 percent
Bond Value
FV=500,000,000
PMT=.0475/2 x 500,000,000 =11,875,000
N=20
I/Y=5.8/2=2.9
PV = 460,583,101 //Book says 460.55
Required Value
FV=546,721,632
PMT=0
I/Y=2.9
N=6
PV=460,547,055 //Book Says 460.52
Why the difference, it seems worse than just rounding ESPECIALLY since the 500,000,000 in the bond doesn't really have any rounded numbers....what the hell?
Am I making a mistake, or am I just trippin' over rounding? The bond difference bothers me...
Edited 3 time(s). Last edit at Tuesday, May 31, 2011 at 10:03PM by rolo550.
