Institute of Bankers in Malawi

Adjusted current yield = (Mk 5/Mk 95.92) * 100 + ((100- 95.92)/2.5) = 6.84%. In the absence of a financial calculator and a programme, define how you would use an approximation method to define yield to maturity. (5 marks) Review the relationship between a bond's price and its yield. In general, as a bond's price increases, yield decreases. ................
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