Abstract
In the text it is noted that a 30-year bond with semi-annual payments, e.g. a US Treasury bond, has 60 coupon payments. It follows that, on the day of issue, the polynomial employed to evaluate the bond has 60 solutions for the yield to maturity.
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© 2014 Michael J. Osborne
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Osborne, M. (2014). Appendix 3: On the Calculation of Polynomial Roots. In: Multiple Interest Rate Analysis: Theory and Applications. Palgrave Pivot, London. https://doi.org/10.1057/9781137372772_11
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DOI: https://doi.org/10.1057/9781137372772_11
Publisher Name: Palgrave Pivot, London
Print ISBN: 978-1-349-47627-5
Online ISBN: 978-1-137-37277-2
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