Suppose that the yield to maturity on a Eurodollar bond is 7.8%.What is the bond-equivalent yield?
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Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
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Because Eurodollar bonds pay annually rather than semiannually an adjustment is required to make a d...View the full answer
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