As you know, the yield to maturity and the bond price are inversely related. As one moves
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As you know, the yield to maturity and the bond price are inversely related. As one moves up, the other moves down. But which one moves first, the YTM or the price? Explain your answer.
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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