Question
Consider a 10% bond with a YTM of 9%. All else equal (including the YTM remaining 9%) the mere passage of time (e.g. 6 months
Consider a 10% bond with a YTM of 9%. All else equal (including the YTM remaining 9%) the mere passage of time (e.g. 6 months later) we should expect the bond price to move:
lower, higher or neither?
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Microeconomics
Authors: Dean Karlan, Jonathan Morduch
1st edition
978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531
