CFA Practice Question

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CFA Practice Question

After some number crunching exercises you have got the VND of 102.80 per 100 of par value for a 5-year, 3.80% annual payment corporate bond. The overall CVA is 4.28. The fair value of the bond is therefore:

A. 95.72
B. 98.52
C. need more information.
Correct Answer: B

The fair value of the bond is VND - CVA = 102.8 - 4.28 = 98.52

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