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Assuming a bond issue is callable, the -------- is a better estimate of a bonds expected return when interest rates are below an outstanding bonds
Assuming a bond issue is callable, the -------- is a better estimate of a bonds expected return when interest rates are below an outstanding bonds coupon rate. The -------- is a better estimate of a bonds expected return when interest rates are equal or above an outstanding bonds coupon rate.
YTC; YTM | ||
YTC; Current Yield | ||
YTM; YTC | ||
Current Yield; YTC | ||
YTM; Current Yield |
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