Question
What would yield-to-maturity (YTM) be on a 5-year, zero-coupon interest (daily compounding), $1,000 par value Not yet answered bond that is currently trading at $818.65?
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To calculate the yieldtomaturity YTM of a bond we need to use the present value formula and solve f...Get Instant Access to Expert-Tailored Solutions
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Fixed Income Analysis
Authors: Barbara S. Petitt
5th Edition
1119850541, 978-1119850540
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