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Yield to Maturity
I am perplexed why does the Yield to Maturity function need to be fed an
"issue date" as a parameter? If I invest in a bond today with maturity of 2/1/2013 and the bond sell for 80% of par and has a 5% coupon, why would I care about an issue date? The formula is: YIELDMAT(settlement,maturity,issue,rate,pr,basis) -- W |
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