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A 8.57% annual coupon, 14-year bond has a yield to maturity of 4.19%. Assuming the par value is $1,000 and the YTM is expected not
A 8.57% annual coupon, 14-year bond has a yield to maturity of 4.19%. Assuming the par value is $1,000 and the YTM is expected not to change over the next year.
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The current yield of a bond is calculated by dividing the annual coupon ...
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
