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ICMA Exam FMFQ Topic 4 Question 26 Discussion
Actual exam question for
ICMA's
Financial Markets Foundation Qualification exam
Question #: 26
Topic #: 4
[All Financial Markets Foundation Qualification Questions]
Topic #: 4
An EUR-denominated Eurobond matures on 15 January 2017 and pays an annual coupon of 5% on an act/act basis. The bond is trading at a yield to maturity of 6% for settlement on 10 March 2015. Which of the following ststements is true of its clean price?
Suggested Answer:
B
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