Question: What is the yield to maturity of a bond
What is the yield to maturity of a bond?
Relevant QuestionsWhat is the yield to maturity calculated on a bond-equivalent basis? How is the internal rate of return of a portfolio calculated? What is meant by the spread duration for a floating-rate bond? (a) Explain what a 10-year key rate duration of 0.35 means? (b) How is a key rate duration computed? Explain why a financial asset can be viewed as a package of zero-coupon instruments.
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