You would pay a premium

來源: 檸檬椰子汁 於 2023-02-17 07:51:49 [] [博客] [舊帖] [給我悄悄話] 閱讀數 : (307 bytes)
本帖於 2023-02-17 07:58:41 時間, 由版主 檸檬椰子汁 編輯
回答: 剛才在二手市場買了T Bill 由 minhang 於 2023-02-17 07:21:08

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. 

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