Assignment Help-How is the yield to maturity on a bond related to the price of the bond, and the price of the bond relative to par? Are these relationships definitional or theoretical?

Assignment Help-How is the yield to maturity on a bond related to the price of the bond, and the price of the bond relative to par? Are these relationships definitional or theoretical?

How is the yield to maturity on a bond related to the price of the bond, and the price of the bond relative to par? Are these relationships definitional or theoretical?

What is the difference between a bid price and an ask price on a Treasury security? What is the source of this spread?

What is meant by the term structure of interest rates? What is the yield curve? What are the guiding facts with respect to the term structure of interest rates?

In the pure expectations hypothesis, the long term rate is the average of the current and expected short term rates. Explain how this relationship arises and the key assumption(s) behind it?