Question
The yield to maturity for a bond is: the interest rate on the bond, relative to...
The yield to maturity for a bond is:
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the interest rate on the bond, relative to its face value, when it is issued. |
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the discount rate that makes the present value of the coupon and principal payments equal to the price of the bond. |
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calculated by dividing face value of the bond by market value. |
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calculated by dividing market value of the bond by its face value. |
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