The file contains the solutions to chapter 5 in Munk, C. (2019). Financial Markets and Investments. The subjects in the chapter include bond valuation (pricing), arbitrage and no-arbitrage pricing, zero-coupon yield, duration and convexity and Immunization. These exercises were solved in relation to the Capital Market Theory course at Copenhagen Business School (MSc in Applied Economics and Finance) in 2020.
Disclaimer: Due to copyright restrictions, the textbook questions are not included. Please refer to your university’s course materials for the original questions.
