Chapter 10

Learning Objectives

  • Calculate the interest payment for an interest payout GIC.
  • Calculate the maturity value of a fixed rate GIC.
  • Calculate the maturity value of a variable rate GIC.
  • Calculating the proceeds (selling price) of an interest-bearing promissory note.
  • Calculating the proceeds (selling price) ¬†of a non-interest-bearing promissory note.
  • Calculating the price of a strip bond.
  • Calculating the nominal yield of a strip bond.

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Business Math: A Step-by-Step Handbook Abridged Copyright © 2022 by Sanja Krajisnik; Carol Leppinen; and Jelena Loncar-Vines is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

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