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Fixed Income Coupon reinvestment
Can anyone explain the following:
If the coupon payments are reinvested at the coupon rate during the life of the issue, then the:
For the calculated YTM to hold true all reinvestments must occur at that YTM, otherwise a new YTM will occur and we will not be able to calculate it. |
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发表于 2013-4-3 21:14
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