cfal3passe

Method is correct, but you must know a very important thing:

in Amarica, coupon is paid twice one year, so N=10, I/Y=3.5, PMT=30000, FV=1000000

then you will get the right anwer.

Unless clearly told us paid annually, you should compute like this.

cfal3passe

Yes, when I review Leve I examination, I did like this, and always get the right answer. fortunately, in my mind, in the real examination, the semiannual coupon payment would clearly spell out.

cfal3passe

yes