If YTM is merely a promised yield, why do investors not use some other measure of yield?

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Investments Analysis and Management

ISBN: 978-1118363294

12th edition

Authors: Charles P. Jones

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Question Posted: Dec 15, 2015 06:26 AM

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If YTM is merely a promised yield, why do investors not use some other measure of yield?

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Investors buy bonds like any other asset on the basis of the...View the full answer

Investments Analysis and Management

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