Reading 19-Page 65-Example 3

On the CFAI text 4, Reading 19, Example 3, there’s a calc. I don’t quite understand related to CFM for multiple liabilities.

IMO, the final liability to be funded due in June 2018 should be SEK 3,710,000 (original) less (SEK 273900+SEK187625+SEK208250).

Which is SEK 3040225.

The CFA text has the final liability as SEK 2,960,000.

What am I missing here?

That’s not what it says.

It says that that’s the par value of the May 2018 bonds you need to purchase. Remember that those bonds pay par plus a coupon at maturity.

Gah, you’re right, thank you for pointing that out!