Which $1000 bond has the higher yield to maturity? A 20 year bond selling for $800 with a current yield of 15% or a one-year bond with a current yield of 5% that sells for $800.
Which $1000 bond has the higher yield to maturity? A 20 year bond selling for $800 with a current yield of 15% or a one-year bond with a current yield of 5% that sells for $800.