The return on a bond is equal to the yield to maturity when the holding period is longer than the maturity of the bond. the maturity of the bond is longer than the holding period. the holding period and the maturity of the bond are identical. none of the above.

The return on a bond is equal to the yield to maturity when the holding period is longer than the maturity of the bond. the maturity of the bond is longer than the holding period. the holding period and the maturity of the bond are identical. none of the above.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter6: Fixed-income Securities: Characteristics And Valuation

Section: Chapter Questions

Problem 15QTD

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Question

The return on a bond is equal to the yield to maturity when

		the holding period is longer than the maturity of the bond.
		the maturity of the bond is longer than the holding period.
		the holding period and the maturity of the bond are identical.
		none of the above.

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