Page 50 - FINAL CFA SLIDES DECEMBER 2018 DAY 14
P. 50

LOS 52.c: Define spot rates and calculate the                Session Unit 14:

     price of a bond using spot rates., p.40                      52. Introduction To Fixed Income Valuation


            Generally,















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           Using the price of 1,001.80, we can calculate the YTM for this bond as:
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