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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Fundamentals Of Investments Valuation And Management

ISBN: 9781266824012

10th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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