When a callable bond sells at a discount, the bond's coupon rate is ________ than market yields and the yield to worst is the yield to ________.

Question

Quizplus · Accepted Answer

When a callable bond sells at a discount, it means the bond's coupon rate is lower than the current market yields. The yield to worst is the yield to maturity because the bond is unlikely to be called if it is selling at a discount.

When a Callable Bond Sells at a Discount, the Bond's