The coupon rate of a bond typically equals the yield (market) rate.

Name: The coupon rate of a bond typically equals the yield (market) rate.
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The coupon rate is the interest rate the bond issuer agrees to pay the bondholder, and it is fixed at the time of issuance. The yield (market) rate, however, fluctuates based on market conditions and the bond's price. They are not typically equal except at the bond's issuance if it is sold at par value.

The Coupon Rate of a Bond Typically Equals the Yield