Yield to Maturity: It is total return on a bond to a bondholder till maturity. It is depicted as an annual rate. Simply it is the
Coupon Payment: Coupon payment is the annual interest paid by the borrower on a loan or a bond till maturity. It is calculated on the principal amount and is always expressed in percentage.
To determine:
The reasons for change in cash price between coupon payments when yield to maturity does not change.
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Fundamentals of Corporate Finance (4th Edition) (Berk DeMarzo & Harford The Corporate Finance Series)
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