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When the yield to maturity is the coupon rate, the bond's current price is below its face value. For a given maturity, the bond's current

When the yield to maturity is the coupon rate, the bond's current price is below its face value. For a given maturity, the bond's current price as the yield to maturity rises. For a given yield to maturity, a bond's value as its maturity increases. When the yield to maturity is the coupon rate, a bond's current price equals its face value regardless of the number of years to maturity.

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When the yield to maturity is the coupon rate, the bond's current price is below its face value. For a given maturity, the bond's current price as the yield to maturity rises. For a given yield to maturity, a bond's value as its maturity increases. When the yield to maturity is the coupon rate, a bond's current price equals its face value regardless of the number of years to maturity

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