Does a bonds yield to maturity determine its price, or does the price determine the yield to
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Does a bond’s yield to maturity determine its price, or does the price determine the yield to maturity?
MaturityMaturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...
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The price of the bond determines the yield to ma...View the full answer
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Related Book For 
Fundamentals of Corporate Finance
ISBN: 978-0321818171
2nd Canadian edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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