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a) What is the difference between the coupon and the yield to maturity of a bond? b) Why would the coupon exceed the yield and
a) What is the difference between the coupon and the yield to maturity of a bond?
b) Why would the coupon exceed the yield and vice versa?
c) Why is the yield on a 10y US T-bond higher than on a 10y German Government Bond (known as a Bund)?
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