A bonds expected return is sometimes estimated by its YTM and sometimes by its YTC. Under what
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A bond’s expected return is sometimes estimated by its YTM and sometimes by its YTC.
Under what conditions would the YTM provide a better estimate, and when would the YTC be better?
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Fundamentals Of Financial Management Concise Edition
ISBN: 9781285065137
8th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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