On page 172 of the Tuckman reading of Book 4, it states:
"In figures 9-2 and 9-3, for any given maturity, zero-coupon yields exceed par yields, which, in turn, exceed the 9% coupon yields."
If you look at figures 9-2 and 9-3, the par yield of the C-STRIPS are greater than both the zero coupon and 9% yields for most maturities. Is this a typo?
"In figures 9-2 and 9-3, for any given maturity, zero-coupon yields exceed par yields, which, in turn, exceed the 9% coupon yields."
If you look at figures 9-2 and 9-3, the par yield of the C-STRIPS are greater than both the zero coupon and 9% yields for most maturities. Is this a typo?
