Question
If a bond is selling AT PAR and the yield to maturity (YTM) on the bond stays constant for the bond's life, then the bond's
If a bond is selling AT PAR and the yield to maturity (YTM) on the bond stays constant for the bond's life, then the bond's price will _____________
fall from one coupon date to the following coupon date
why?
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Financial Reporting And Statement Analysis A Strategic Approach
Authors: Clyde P. Stickney, Paul Brown, James M. Wahlen
5th Edition
032418638X, 978-0324186383
