Why does a bond sell at a premium when the coupon rate is higher than the markets

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Why does a bond sell at a premium when the coupon rate is higher than the market’s yield to maturity on a similar bond, and vice versa?

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Financial Management Principles And Applications

ISBN: 9781292222189

13th Global Edition

Authors: Sheridan Titman, Arthur Keown, John Martin

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Question Posted: Jul 28, 2024 03:04 AM

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Why does a bond sell at a premium when the coupon rate is higher than the markets

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Financial Management Principles And Applications

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