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Hi Everyone !! Suppose that at time t = 0, I want to price a bond that pays annual coupon at t = 1, t = 2 and t = 3. Maturity is 3 years. Assume annual compounding for simplicity. The pricing at time t = 0 should be trivial because I can discount each of the coming 3 cash flows at the 1...

Hi Everyone, Say for example, that the 5 year par yield to maturity as per the treasury par yield curve is 6%. Does that mean that ALL treasury bonds that now have 5 years to maturity (regardless of what their original tenor was) must trade at a YTM of 6%? If it so happens that one such bond...