Question: when the yield to maturity ( YTM ) is equal to the coupon rate the bond is a bond. When the YTM is less than

when the yield to maturity (YTM) is equal to the coupon rate the bond is a bond. When the YTM is less than the corporate rate the bond is a bond. Finally, if the YTM is greater than the coupon rate then you have a bond. Par; Discount; Premium
when the yield to maturity ( YTM ) is equal to

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