Question: Is the yield to maturity on a bond the same thing as the required return? Is YTM the same thing as the coupon rate? Suppose
| Is the yield to maturity on a bond the same thing as the required return? Is YTM the same thing as the coupon rate? Suppose today a 10 percent coupon bond sells at par. Two years from now, the required return on the same | ||||||||||
| bond is 8 percent. What is the coupon rate on the bond then? The YTM? | ||||||||||
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