I’m.. so lost here. I saw in my investment class that a bond price can be calculated by adding the sum of non-coupon bonds discounted by their respective YTM.
I can’t even expand on this strategy to give you more details on what I dont understand. I just dont get it from the get-go and Im hoping someone here will know what Im talking about because I can’t even elaborate. Why would this be a good way to calculate a bond price?