If a bond's market price was lower than the principal amount, its yield to maturity would be

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Yield to maturity is the total return anticipated on a bond if held until it matures. If a bond's market price is lower than the principal amount, it means that the bond is selling at a discount. In such a scenario, the yield to maturity would be higher than the coupon rate. This is because the bond's coupon rate is fixed, but the bond's price is lower than the face value, which increases the bond's yield to maturity.

If a Bond's Market Price Was Lower Than the Principal