《Final_Spring07_solutions_sample》.pdf

FIN8340 - Final Exam Fixed Income Securities Exam time is: 60 hours. Total points for this exam is: 600 points, corresponding to 60% of your Önal grade. 0.0.1 Instructions Read carefully the questions. Summarize you answers in a Report in the Örst work sheet of the excel Öle. The report in the Örst work sheet should be formatted in such a way that when I press print I will be able to get all of your results, plots, and explanations. Your grade will be based on the report. It is advisable that you preview and print the report before you submit your exam for a last check. You should execute your work in the work sheets assigned for each prob- lem in an orderly fashion so that I can check it, if necessary. However, if a results is not reported in the report, do not assume that I will be able to Önd it in some place of the workbook, and that you will get credit for it. If you Önd a question unclear, explain your approach, make any assump- tion that you need to make, and provide the best answer you can. Given the structure of the test, and for fairness, I will not reply to any queries. The workbook contains the data that you need for your work. 0.0.2 ConÖdentiality Agreement. By taking this exam you acknowledge that you have agreed to the terms of the conÖdentiality agreement reproduced below for you convenience. You agree that the contents of the Önal take home exam are conÖdential and that the disclosure of that information could compromise the integrity of the student evaluation process. The exam is available to you solely to test your knowledge of the exam subject matter. You are expressly prohibited from disclosing, publishing, reproducing, transmitting, discussing, or accessing any previous exam and 1 any related information including, without limitation, questions, answers, workshe