Exam FM topic · 15–25% syllabus weight

Exam FM Bonds practice problems

Independently written solutions mapped to this official syllabus topic. Pages appear only after all required checks agree.

Topic orientation

What this topic tests

Bonds combines coupon cash flows, redemption values, yield rates, book values, callable dates, and premium or discount amortization. Coupon rate determines the promised cash flow; yield rate discounts it to a price.

Price every coupon and redemption amount at the yield per coupon period, then use book-value recursion or direct repricing as a check. For callable bonds, test the allowed redemption dates instead of assuming the final maturity controls the purchaser’s yield.

Typical failure modes

Discounting coupons at the coupon rate instead of the yield rate
Mixing annual yields with semiannual coupon periods
Checking only maturity when an earlier call date can determine the price

Published ledger

Exam FM Bonds practice problems and solutions

Each entry shows its independent calculation record and links to the official source without reproducing protected wording.

Drill one method at a time

Techniques that keep appearing in Bonds

Each guide collects the questions above that turn on the same method, with the formulas and the errors that cost marks.

43 worked solutions

Exam FM Bond Valuation, Pricing, and Yields problems

Coupon-bond pricing, yield equations, premium and discount behavior, book values, and callable redemption dates.

Study the whole topic offline

Every Exam FM sample question in one searchable PDF

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