Question
There are two bonds in the market, both have the same par value of 1,000 and the same time to maturity. One has a coupon
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There are two bonds in the market, both have the same par value of 1,000 and the same time to maturity. One has a coupon rate of 10%, and sells at a price of 1,000. The other one has a coupon rate of 8%, and sells at a price of 1,028. Which bond has a higher yield to maturity? (No calculation needed.) Explain your answer
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The New Microfinance Handbook A Financial Market System Perspective
Authors: Joanna Ledgerwood, Julie Earne, Candace Nelson
1st Edition
0821389270, 978-0821389270
