What Is the Relationship Between the Current Yield and YTM

question 78

Essay

What is the relationship between the current yield and YTM for premium bonds? For discount bonds? For bonds selling at par value?

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Definitions:

Photogénie

A cinematic concept that suggests certain objects or faces are imbued with an essence that makes them particularly suited to filmic representation.

Depth of Field

In photography and cinematography, depth of field is a measure of the distance between the nearest and farthest objects in a scene that appear acceptably sharp in an image.

Persistence of Vision

A phenomenon where the human eye retains images for a split second longer than they actually appear, making discrete frames appear as continuous motion in film and animation.

Critical Flicker Fusion

The frequency at which an intermittent light stimulus appears to be completely steady to the average human observer.