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Evaluate the following statement: The yield-to-maturity measure doubles a semiannual yield rather than computing an effective annual yield. While it is more appropriate to compute
Evaluate the following statement: "The yield-to-maturity measure doubles a semiannual yield rather than computing an effective annual yield. While it is more appropriate to compute the effective annual yield by compounding the semiannual yield, it is simply a convention
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International Financial Management
Authors: Jeff Madura
2nd Edition
0314430296, 978-0314430298
