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Results tagged with bonds
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user 106089
Use this tag for questions that relate to debt instruments known as bonds. Generally, money is lent to governments or corporations that is paid back with interest.
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Yield to maturity (YTM) for a bond - definition
In "Principles of corporate finance" (Brealey, Myers, Allen) the YTM corresponding to a currently priced bond is the "y" unknown from the formula:
(present value of a 8.5% coupon bond - sold at a pre …
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