标题: Fixed Income Coupon reinvestment [打印本页] 作者: JustasS 时间: 2013-4-3 21:14 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.
