Germany is ranked 18th—on a par with El Salvador but above Japan.
德国同萨尔瓦多一样排第18名,但是在日本之上。
If the bond was purchased at a premium (above par), then your overall yield to maturity will be lower than your stated coupon rate.
如果债券溢价(高于票面价值)购买的,那么你的整体到期收益率将低于您说的票面利率。
You can't pay far above par for a 12 percent bond and earn 12 percent for yourself.
这就好比息票率12%的债券,如果你以远远超过账面价值的价格购买,是无法获得12%的回报的。
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