ICMA Exam FMFQ Topic 4 Question 26 Discussion

Actual exam question for ICMA's FMFQ exam

Question #: 26
Topic #: 4

[All FMFQ Questions]

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?

AIts price will be above 100

BIts price will be below 100

CIts price will be 100

DNeed more information

Show Suggested Answer

Suggested Answer: B

by Colette at May 05, 2022, 09:43 PM

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Hayley

5 days ago

I wonder if we need more details about the accrued interest to determine the clean price accurately.

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Alysa

5 days ago

I remember that when the yield to maturity is higher than the coupon rate, the bond price tends to be below 100.

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Ilona

9 days ago

Okay, I think I've got this. Option B looks like the right way to switch the context to the frame with the given ID. I'll double-check the syntax, but I'm feeling confident about this one.

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Lorita

11 days ago

Hmm, let me take a closer look at this kubeconfig file. I think I can figure out the number of clusters and which one uses username/password authentication.

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Taryn

17 days ago

Okay, let me think this through. The question is asking us to ensure the name is displayed in all uppercase letters, so I'm leaning towards option A as well. Modifying the name variable directly seems like the simplest solution.

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Kathrine

19 days ago

C) c is versatile, but I am not sure it's complete.

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