Question
Why is the current yield closer to the yield to maturity (YTM) when a bond has a longer period of time until maturity ? ex
Why is the current yield closer to the yield to maturity (YTM) when a bond has a longer period of time until maturity ?
ex : Why does a corporate bond expiring in 2022 have a bigger difference between its current yield and YTM than a corporate bond expiring in 2030?
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Entrepreneurial Finance
Authors: Philip J. Adelman; Alan M. Marks
6th edition
9780133099096, 133140512, 133099091, 978-0133140514
