Why can discount yields not generally be compared to yields on other (nondiscount) securities?

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:33 AM

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Why can discount yields not generally be compared to yields on other (nondiscount) securities?

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There are several features of a discount yield that prohibit it from being compared to yie...View the full answer

Financial Markets and Institutions

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