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A 3-year, 6% coupon, semi-annual pay note has a yield to maturity of 5.5%. If an investor holds this note to maturity and earns a
A 3-year, 6% coupon, semi-annual pay note has a yield to maturity of 5.5%. If an investor holds this note to maturity and earns a 4.5% return on reinvested coupon income.
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To calculate the realized yield of the note by the end of year 3 we need to take into account both t...
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
