You would pay a premium

來源: 於 2023-02-17 07:51:49 [博客] [舊帖] [給我悄悄話] 本文已被閱讀：次

If the current new issue rate is lower than the coupon rate of the bond you bought, you must have paid a premium for that bond.  (above par)  The end result would be the yield on your 5.05% bond would be the same as the current new issue rate. 

Nobody is a fool.