Question
Yield to maturity of a bond is also called promised yield because a. It does not change over the bond's life b. We use it
Yield to maturity of a bond is also called promised yield because
| a. | It does not change over the bond's life | |
| b. | We use it to discount expected cash flows | |
| c. | We use it to discount promised cash flows | |
| d. | We are guaranteed to receive it |
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ISE Real Estate Finance And Investments
Authors: Jeffrey Fisher William B. Brueggeman
17th International Edition
1264892888, 9781264892884
