Question
There are two bonds from the same industry with the same risk and maturity (technically, the same duration). One is a discount bond and the
There are two bonds from the same industry with the same risk and maturity (technically, the same duration). One is a discount bond and the other one is a premium bond. Which one is likely to have the higher coupon rate and YTM, and why?
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Fundamentals Of Investments Valuation And Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
9th Edition
1260013979, 9781260013979
