Question
Assume a discount bond has a few years until maturity and a positive yield. All else constant, the bond's yield to maturity is A. directly
Assume a discount bond has a few years until maturity and a positive yield. All else constant, the bond's yield to maturity is A. directly related to the time to maturity. B. equal to the coupon rate. C. inversely related to the bond's market price. D. unrelated to the time to maturity. E. less than its coupon rate.
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Cases In Financial Management
Authors: I.M. Pandey
3rd Edition
0071333428, 978-0071333429
