Question
Why was the yield to maturity of India Motors's bond higher than the nominal rate at issue?
Why was the yield to maturity of India Motors's bond higher than the nominal rate at issue?
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The yield to maturity YTM of a bond refers to the total return an investor can expect to receive if they hold the bond until its maturity date It take...Get Instant Access to Expert-Tailored Solutions
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
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