If Its YTM Does Not Change,how Does a Bond's Cash

question 76

Essay

If its YTM does not change,how does a bond's cash price change between coupon payments?

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Definitions:

Animal Trainer

A professional who applies behavior analysis or other learning techniques to teach or control animals.

Miniature Poodle

A breed of highly intelligent and trainable dog known for its small size and curly, hypoallergenic coat.

Positive Reinforcer

An event or stimulus that, when presented after a behavior, increases the likelihood of that behavior being repeated.

Sticker

A piece of printed paper, plastic, or other material with pressure sensitive adhesive on one side, used for attaching to surfaces for decoration, identification, or other purposes.