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The approximate yield to maturity of a bond is equal to a. average return/ purchase price b. average return/average price c. (I+M-P)/(M+P)/2 d. both b
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The approximate yield to maturity of a bond is equal to
a. average return/ purchase price
b. average return/average price
c. (I+M-P)/(M+P)/2
d. both b and c
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Assume M = 1000, P=900, n=20, coupon rate=9%, the approximate YTM is equal to
a. 9%
b. 10%
c. 9.5%
d. none of the above
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