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22: An investment company offers a bond linked to the FT100 index. On redemption the bond pays the larger of : the face value plus
22: An investment company offers a bond linked to the FT100 index. On redemption the bond pays the larger of : the face value plus the face value times the percentage change in the index; or B:5% yearly interest ompounded monthly. Thus, for example, $100 face value bond invested when the index was 110 and redeemed year later when the index was 125 will pay A: 100+(100(125110)/110)=113.636 (Face Value + Face Vlaue (FT1-FT0)/FT0); and not B: 100(1+0.05/12)12=105.116. Implement a VBA function BondPay(FaceValue, ears. FTO. FT1). 22: An investment company offers a bond linked to the FT100 index. On redemption the bond pays the larger of : the face value plus the face value times the percentage change in the index; or B:5% yearly interest ompounded monthly. Thus, for example, $100 face value bond invested when the index was 110 and redeemed year later when the index was 125 will pay A: 100+(100(125110)/110)=113.636 (Face Value + Face Vlaue (FT1-FT0)/FT0); and not B: 100(1+0.05/12)12=105.116. Implement a VBA function BondPay(FaceValue, ears. FTO. FT1)
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