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notes/10 - Projects/CSC/Chapter 7/3 Yield Measures Relationship.md
Yeghia 248656cf1d sync 2026-03-30
2026-03-30 03:23:09 -04:00

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The relationship between the three yield measures for a premium bond is worth memorizing:

Coupon Rate > Current Yield > YTM

And for a discount bond it flips:

Coupon Rate < Current Yield < YTM

And at par they're all equal.