The approximate yield to maturity of a bond is equal to ...
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Accounting
-
The approximate yield to maturity of a bond is equal to
a. average return/ purchase price
b. average return/average price
c. (I+M-P)/(M+P)/2
d. both b and c
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Assume M = 1000, P=900, n=20, coupon rate=9%, the approximate YTM is equal to
a. 9%
b. 10%
c. 9.5%
d. none of the above
The approximate yield to maturity of a bond is equal to
| a. | average return/ purchase price | |
| b. | average return/average price | |
| c. | (I+M-P)/(M+P)/2 | |
| d. | both b and c |
Assume M = 1000, P=900, n=20, coupon rate=9%, the approximate YTM is equal to
| a. | 9% | |
| b. | 10% | |
| c. | 9.5% | |
| d. | none of the above |
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