Question
Assume there are two bonds from the same industry with the same risk and maturity. One is a discount bond and the other one is
Assume there are two bonds from the same industry with the same risk and maturity. One is a discount bond and the other one is a premium bond.
1. Which one is likely to have the higher coupon rate and why? 2. Which one is likely to have the higher YTM and why?
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Beyond Greed And Fear Understanding Behavioral Finance And The Psychology Of Investing
Authors: Hersh Shefrin
1st Edition
0195161211, 978-0195161212
