Walk me through the difference between a bond's Coupon Rate and its Yield to Maturity (YTM). What does each rate represent, and under what circumstances would they be equal or different?
作为一名在资本市场工作的专业人士,请你解释一下债券的票面利率(Coupon Rate)和到期收益率(Yield to Maturity, YTM)之间有何区别?这两种利率各自代表什么,以及它们在什么情况下会相等或不同?