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Business, 17.03.2020 00:27 swkgp3cevk

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 these assumptions?

a. The bond will not be called.
b. The bond has an early redemption feature.

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