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Lecture 1 (1) .42
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Lecture 1 (1) .36
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An Alternative Interpretation of The YTM
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Example: Realized Compound Yield
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Realized Compound Yield: Bond A
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Lecture 1 (1) .37
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Lecture 1 (1) .39
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Replicating The Coupon Stream: - The Coupon Stream, CS, Can Be Viewed As The Difference Between Two Perpetuities
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Perpetuities: C M C My
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What Do We Want To Replicate?: - PV (FV) FV/ (1+y)
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