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True or False? 1. A convertible bond may trade at a negative YTM if its straight value exceeds its conversion value. 2. The forward rate
True or False?
1. A convertible bond may trade at a negative YTM if its straight value exceeds its conversion value.
2. The forward rate is a geometric mean of the spot rates over the relevant period.
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Personal Finance An Integrated Approach
Authors: Bernard J. Winger
4th Edition
0198520972, 9780132696302
