Question: a) What is the difference between the coupon and the yield to maturity of a bond? b) Why would the coupon exceed the yield and

a) What is the difference between the coupon and the yield to maturity of a bond?

b) Why would the coupon exceed the yield and vice versa?

c) Why is the yield on a 10y US T-bond higher than on a 10y German Government Bond (known as a Bund)?

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