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If the coupon rate was 12%pa and the bond was issued at rs. 975 with annual coupon payments, the ytm of the bond is 13.06%.
If the coupon rate was 12%pa and the bond was issued at rs. 975 with annual coupon payments, the ytm of the bond is 13.06%. How this ytm compare the ytm a explains the reasons for the difference numerically
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
