A simple discount bond pays $20,000 in one year. Find the yield to maturity when the price
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Question:
A simple discount bond pays $20,000 in one year. Find the yield to maturity when the price of the bond is
i. $18,000
ii. $19,000
iii. $20,000
What happens to the yield to maturity as the price of the bond increases?
Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
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