
- UID
- 223202
- 帖子
- 144
- 主题
- 109
- 注册时间
- 2011-7-11
- 最后登录
- 2016-4-18
|
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. |
|