Question
Which of the following are not true: A)Par value and face value both represent payment to holder at maturity B)Yield to maturity is the internal
Which of the following are not true:
A)Par value and face value both represent payment to holder at maturity
B)Yield to maturity is the internal rate of return of the bond
C)Zero coupon bond only pays the holder par value at maturity
D)Macaulay duration measures interest rate risk
E)All of the options are true
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Risk Sensitive Investment Management
Authors: Mark H A Davis, Sébastien Lleo
1st Edition
9814578037, 978-9814578035
