Question: What is the relation between a corporate bonds expected return and the yield to maturity? In your answer, define default risk and explain how these
What is the relation between a corporate bond’s expected return and the yield to maturity? In your answer, define default risk and explain how these rates incorporate default risk.
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To understand the relationship between a corporate bonds expected return and its yield to maturity YTM we first need to define both terms and consider ... View full answer
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