=+c. Compare the YTM calculated in part b to the bonds coupon rate and current yield (calculated

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=+c. Compare the YTM calculated in part b to the bonds’ coupon rate and current yield (calculated in part a). Use a comparison of the bonds’ current price and par value to explain these differences.

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Principles Of Managerial Finance

ISBN: 9781292261515

15th Global Edition

Authors: Chad J. Zutter, Scott Smart

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