YTM, Spot Rates and Forward rates

For a quick refresher on the YTM. Spot rates and forward rates refer to the below videos

CFA Level I Yield Measures Spot and Forward Rates

CFA Level I Yield Measures Spot and Forward Rates

Semi annual BEY of 10% is better than annual yield of 10%. Look at part 2 of the above video series for explanation.

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