Which of the following is a drawback or potential


Which of the following is a drawback or potential limitation to Yield-to-Maturity:

A. Non-investment grade bonds pay higher coupon than investment grade bonds

B. A bonds price is hard to estimate

C. The assumption coupon payments can be reinvested continuously at the same YTM

D. It’s hard to predict the Federal Reserve changing interest rates

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Financial Management: Which of the following is a drawback or potential
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