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The current yield and the yield to maturity always move together in the same direction. The current yield is always less than the yield to
The current yield and the yield to maturity always move together in the same direction.
The current yield is always less than the yield to maturity when a coupon bond selling at a premium.
The current yield is always greater than the yield to maturity when a coupon bond is selling at a discount.
The current yield and the yield to maturity always move against each other in the opposite direction.
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Fundamentals Of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
1st Edition
0201844842, 978-0201844849
