Question: Can someone explain this: how does that YTM and CY mean coupon rate in excess? Questions: A bond that has a yield to maturity of

Can someone explain this: how does that YTM and CY mean coupon rate in excess?

Questions: A bond that has a yield to maturity of 14% and a current yield of 8%:

Answer: Has a coupon rate in excess of the market rate of interest

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