Question 1:
You have the following bond maturing in 7 years:
Face Value = 1.000$;
Annual coupons = 70$;
Annual Interest rate= 6%
1. Compute the PV of the bond?

2. What will happen to the bond price if the interest rate increases to 6%?

3. Compute both the duration and the modified duration of the bond?

4. Interpret your results in question 3?

Question 2:


Explain in details how banks operates and analyze the impact of technological advances on the functioning/ business of banks ? (use your own words)

Question 3:

Explain the evolution of money throughout history and its different usage by giving examples?

Question 4:

Describe in details the Moroccan financial system, its components, its strengths as well as weaknesses? (again use your own words)