An Australian government bond maturing in 10 years has a fixed coupon rate of 5% pa, paid semi-annually. The bond's yield-to-maturity (YTM) is currently 4% pa. The face value of the bond is $100. Which of the following statements is NOT correct?
An Australian government bond maturing in 10 years has a fixed coupon rate of 5% pa, paid semi-annually. The bond's yield-to-maturity (YTM) is currently 4% pa. The face value of the bond is $100. Which of the following statements is NOT correct?