Finally someone tried to explain it. The reading on this topic is extremely confusing
@victorsardon352115 күн бұрын
When are you taking your test
@sarafeliciano30885 ай бұрын
This is great, thank you
@preetjain7204 ай бұрын
best video on the topic, thank you!
@PrepNuggets3 ай бұрын
Glad it was helpful!
@victorsardon352115 күн бұрын
At 10:30 shouldn't the cash flows be discounted using corresponding spot rates? To be able to use the YTM the yield curve at the time of valuation must be flat, which is in agreement with an unchanging yield. However the chart for the manager's expectation shows an unchanging term structure that slopes upwards.