The reason for that U.S. treasuries could have higher yields to maturity than the coupon U.S. treasuries with the same final maturity. Introduction: The coupon bond is also known as the group of the stripped zeros and from this group each and every coupon can refer as the self-governing zero-coupon bond.

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Chapter 15, Problem 7CP

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To determine: The reason for that U.S. treasuries could have higher yields to maturity than the coupon U.S. treasuries with the same final maturity.

Introduction: The coupon bond is also known as the group of the stripped zeros and from this group each and every coupon can refer as the self-governing zero-coupon bond.

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