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6.15 Bond Prices versus Yields b. a. What is the relationship between the price of a bond and its YTM? Explain why some bonds sell

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6.15 Bond Prices versus Yields b. a. What is the relationship between the price of a bond and its YTM? Explain why some bonds sell at a premium over par value while other bonds sell at a discount. What do you know about the relationship between the coupon rate and the YTM for premium bonds? What about for discount bonds? For bonds selling at par value

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