Business, 11.03.2020 16:55 TornSnowFlake336

Yield to maturity (YTM) is the rate of return expected from a bond held until its maturity date. However, the YTM equals the expected rate of return under certain assumptions. Which of the following is one of those assumptions? The probability of default is zero. The bond is callable.

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Yield to maturity (YTM) is the rate of return expected from a bond held until its maturity date. How...

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