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Your friend says they bought a bond, and the YTM was 5.48%, the time to maturity was 30 years, the CR was 5.56%, the principal
Your friend says they bought a bond, and the YTM was 5.48%, the time to maturity was 30 years, the CR was 5.56%, the principal was $10,000 and they paid $9,948 for it. Without using Excel or a calculator or any other device, explain how you know your friend is mistaken.
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Automated Stock Trading Systems
Authors: Laurens Bensdorp
1st Edition
1544506031, 978-1544506036
