FIN 351 CHAPTER 12 QUIZ 6 TO 10

FIN 351 CHAPTER 12 QUIZ  6 TO 10
6. A basis point is one tenth of l percent.
7. The approximate yield to maturity method tends to understate the true yield for bonds trading at a discount.
8. Yield to maturity is equivalent to market rate of interest.
9. Current yield is always the best measure of a bond's yield.
10. If the market price of a bond is less than the call price, yield to call is a reasonable calculation for yield.

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