notes/old_notes/10 - Projects/CSC/Chapter 7/3 Yield Measures Relationship.md
2026-04-05 13:52:13 -04:00

245 B

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.