Question
What is the yield to maturity of a consol that pays an annual coupon of $70 and it sells for $700? What is the current
What is the yield to maturity of a consol that pays an annual coupon of $70 and it sells for $700? What is the current yield of the consol? Explain the relationship between yield to maturity and current yield on a consol.
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Public Finance
Authors: Harvey S Rosen
6th Edition
0072374055, 978-0072374056
