a. A straight bonds price has two components. What are they? b. What do you call a
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a. A straight bond’s price has two components. What are they?
b. What do you call a bond that sells for more than its face value?
c. What is the relationship between a bond’s price and its term to maturity when the bond’s coupon rate is equal to its yield to maturity?
d. Does current yield more strongly overstate yield to maturity for long-maturity or short-maturity premium bonds?
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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