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FMVA EXAM 2025 QUESTIONS AND ANSWERS Annuity - ....ANSWER ...-Series of payments in equal time periods, guaranteed for a fixed number of years Annuity Factor - ....ANSWER ...-Present value of $1 for each of t periods Arithmetic Mean - ....ANSWER ...-An average calculated by adding the value of the points in a data set and dividing the sum by the number of data points. Constant Perpetuity - ....ANSWER ...-A constant stream of identical cash flows without end Correlation - ....ANSWER ...-A statistical measure of how two securities move in relation to each other Coupon Rate - ....ANSWER ...-The amount of interest received by a bond investor expressed on a nominal annual basis. Covariance - ....ANSWER ...-A statistical measure of the variance of two random variables that are observed or measured in the same mean time period. Current Yield - ....ANSWER ...-The coupon from a bond divided by the market price of the bond, expressed as a percentage. …FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1