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Hi, I have a question on the assumptions behind Yield-To-Maturity. I have read the Yield-To-Maturity (YTM) chapter on the Tuckman (chapter 3 on my edition) that explains why YTM is a measure of the realized return to maturity of a bond. My understanding of the explanation is as follow: If...

Hi, Could someone please explain the answers to these 3 questions in the second book af GARP official material (Quantitative Analysis)? 6. You simulate the price path of stock HHF using a geometric Brownian motion model with the fiollowing parameters: Drift = 0 Volatility = 0.2 Time step =...