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Hi David, How can I calculate that with a calculator instead of an excel formula? With a Texas Instruments BA II Plus calculator that is one of the calculators allow in the FRM exam. Thanks again

Thank you so much. that helped a lot

Hi David, The source of the question is the FRM exams from GARP. I guess my initial question is how do you come up with the $1.043.76? What is the formula you are using to come up with dirty price = $1.043.76? Thank you very much again

I have issues understanding the result of the following question: A $1,000 par corporate bond carries a coupon rate of 6%, pays coupons semiannually, and has ten coupon payments remaining to maturity. Market rates are currently 5%. There are 90 days between settlement and the next coupon...

Can please anyone let me know the formula applied in the solution to come up with Prob( X < mean + 1.5*σ) = 0.9332 Prob( X < mean + 0.5*σ) = 0.6915 Prob( X < mean + 1.5*σ) - Prob( X < mean + 0.5*σ) = 0.9332 - 0.6915 Problem: Assume that a random variable follows a normal distribution with...