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YTM on a bond represents... a) the total return of the bond. b) the rate at which future cash flows are discounted to arrive at
YTM on a bond represents...
a) the total return of the bond.
b) the rate at which future cash flows are discounted to arrive at the current price of a bond.
c) total coupons to maturity of the bond.
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Valuation, Measuring And Managing The Value Of Companies
Authors: Tim Koller, Marc Goedhart, David Wessels
7th Edition
1119611865, 9781119611868
