Question
What is the relationship between the price of a bond and its yield to maturity (YTM)?Explain why some bonds sell at a premium over par
What is the relationship between the price of a bond and its yield to maturity (YTM)?Explain why some bonds sell at a premium over par value while other bonds sell at a discount.
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
