Solved 1 Answer
See More Answers for FREE
Enhance your learning with StudyX
Receive support from our dedicated community users and experts
See up to 20 answers per week for free
Experience reliable customer service
LG 6: Yield to maturityLG 6; Intermediatea.b. The market value of the bond approaches its par value as the time to maturity declines. The yield-tomaturity approaches the coupon interest rate as the time to maturity declines. Case \mathrm{B} highlights the fact that if the current price equals the par value, the coupon interest rate equals the yield to maturity (regardless of the number of years to maturity). ...