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标题: Fixed Income - Coupon reinvestment [打印本页]

作者: kseniaru 时间: 2011-7-13 16:18 标题: 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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