Question: Select the incerrect statement. a . The YTM is equal to the current yield and the capital gains yield. b . The total return for

Select the incerrect statement.
a. The YTM is equal to the current yield and the capital gains yield.
b. The total return for a stock is equal to the dividend yield and the capital gains yield.
c. Before calculators and computers, the current yield was used to estimate the YTM.
d. The YTM assumes that the intermediate coupon payments are reinvested at the YTM.
c. When computing the YTM on a calculator, sign convention requires that all inputs be positive.
Select the incerrect statement. a . The YTM is

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