Username: Maria Rating: Asked to: Chaoxiang Lee Date Created: 14 Oct 2015 |
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Category | 40 |
Tag | Financial |
Question | Please give the definition of average price. |
Hi Maria, 1. A representative measure of a range of prices that is calculated by taking the sum of the values and dividing it by the number of prices being examined. The average price reduces the range into a single value, which can then be compared to any point to determine if the value is higher or lower than what would be expected. 2. A bond's average price is calculated by adding its face value to the price paid for it and dividing the sum by two. The average price is sometimes used in determining a bond's yield to maturity where the average price replaces the purchase price in the yield to maturity calculation. |
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