Re:Pricing Money: A Beginner's Guide to Money, Bonds, Future...
by jdaw1 on Sunday June 18, 2023 @04:18AM
(#36378286)
Coupon is the bond’s interest rate, per 100 nominal. Yield is the effective return on the money per 100 cash paid, so allowing for price. Coupon ≢ Yield.
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