Question
Calculating the price of a bond by discounting future expected cash flows by the current yield-to-maturity does not make which of the following implicit assumptions?
Calculating the price of a bond by discounting future expected cash flows by the current yield-to-maturity does not make which of the following implicit assumptions?
That the level of the yield curve does not change
That the credit spread does not change
That real returns are positive
That the slope of the yield curve does not change
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Sitting Pretty On A Fixed Income Personal Finance Secrets For Seniors
Authors: FC&A Medical Publishing
1st Edition
1935574582, 9781935574583
