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QUESTION
Compose a 750 words essay on Principles of Banking and Finance. Needs to be plagiarism free!o its par value in that the higher the coupon rate, the higher the interest rate the investor receives, henc
Compose a 750 words essay on Principles of Banking and Finance. Needs to be plagiarism free!
o its par value in that the higher the coupon rate, the higher the interest rate the investor receives, hence a higher par value, while the higher the yield to maturity, the lower the par value the investor will receive (Ritter et al., 2009, p. 58). The yield to maturity has an inverse relationship to the bond prices.
The yield to maturity becomes greater than the coupon rate when the bond price is less than the par
