Sir could u please tell me when can and when should we use yield to maturity formula how they used in Levante 12/11.
Thanks
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ytm
11y ago#1It is not a formula - it is simply discounting the interest at the different interest rates from the yield curve.
If the examiner gives you the yield curve and asks for a market value then he will expect you to do this.
Thank you sir.
11y ago#3You are welcome :-)
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