Question: Demonstrate that you understand the difference among coupon yield, current yield, and yield to maturity with the following illustration for Morgan Stanley debt, par value
Demonstrate that you understand the difference among coupon yield, current yield, and yield to maturity with the following illustration for Morgan Stanley debt, par value of $1000: current price of $1009, coupon rate of 4.1%, issue date of September 15, 2012, settlement date of September 25, 2012, and maturity date of November 1, 2019. To solve for the yield to maturity, please use the yield formula (i.e., Yield Example) provided on Blackboard). Please follow it EXACTLY, noting that bond pricing is conventionally expressed in hundreds, not thousands).
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