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。

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Although the overall dividend rate and yield remained relatively high throughout this period, it is also important to recognize that Vornado Realty Trust did cut their dividend several times as Funds From Operations modestly weakened.

FORBES: Is There a Margin-of-Safety With Vornado?