Question: Yield to maturity and coupon rates i. How do they differ? What do they reflect/mean? ii. What is the relationship between YTM, coupon rates

Yield to maturity and coupon rates i. How do they differ? What

Yield to maturity and coupon rates i. How do they differ? What do they reflect/mean? ii. What is the relationship between YTM, coupon rates and bond prices (premium and discount bonds)? iii. How are bond prices related to the overall level of interest rates?

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