Concerning reinvestment of interest on a bond, a. What assumption is made about reinvestment of cash flows
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Concerning reinvestment of interest on a bond,
a. What assumption is made about reinvestment of cash flows when using the yield to maturity?
b. What characteristics of a bond affect its reinvestment risk?
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Related Book For
The Basics Of Finance An Introduction To Financial Markets Business Finance And Portfolio Management
ISBN: 9780470609712
1st Edition
Authors: Pamela Peterson Drake, Frank J. Fabozzi
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