Question: What is the relationship between the coupon rate and yield to maturity ( YTM ) in a discount bond ( i . e . ,
What is the relationship between the coupon rate and yield to maturity YTM in a discount bond ie price below par
Coupon rate is greater than YTM
YTM is greater than coupon rate
YTM and discount rate are equal
There is not enough information unless you know the maturity of the bond.
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