Question
The rate of return on a bond held to its maturity date is called bond's yield to maturity. if interest rates in the economy rise
The rate of return on a bond held to its maturity date is called bond's yield to maturity. if interest rates in the economy rise after a bond has been issued, what will happen to the bond's price andto its YTM? does the length of time to maturity affect the extent to which a given change in interest rates will affect the bond's price? why or why not?
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
