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he yield to maturity on a coupon bond is . . . always greater than the coupon rate. the rate an investor earns if she

he yield to maturity on a coupon bond is ...
always greater than the coupon rate.
the rate an investor earns if she holds the bond to the maturity date, assuming she can reinvest all coupons at the current yield.
the rate an investor earns if she holds the bond to the maturity date, assuming she can reinvest all coupons at the yield to maturity.
only equal to the internal rate of return of a bond when the bond is priced at par.
greater than both the current yield and coupon rate when the bond is priced at apremiumtopar.

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