Time: 20 minutes · You'll need: a calculator with a power key (or a spreadsheet) · Builds on: Lesson 2
Warm-up
Check yourself
A bond is bought at 103 per 100. What is that price called?
Check yourself
In the course's compounded annual rate, (face ÷ price)^(365 ÷ days) − 1, what does "days" count?