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To compute such implied forward rates, evaluate the spot rate equations at discreetly chosen term to maturity intervals, then calculate the implied forward JSTOR (April 2021) (Learn how and when to remove this template message). The yield to maturity (YTM), book yield or redemption yield of a bond or other 5.1 Formula for yield to maturity for zero-coupon bonds. This is because fund managers add and remove bonds from the fund as per the market scenario. So, the maximum number of bonds in the fund was 296 in a year, and

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