4.6. APPENDIX: INTEREST RATES, RETURNS, AND BOND YIELDS 157
bullet bonds with annual coupons. What we need, in this chapter, are zero-coupon
rates rather than yields at par.
4.6. APPENDIX: INTEREST RATES, RETURNS, AND BOND YIELDS 157
bullet bonds with annual coupons. What we need, in this chapter, are zero-coupon
rates rather than yields at par.