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.
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