Price, Yield, Value are all terms we, as investors, need to make peace with.This is a teaching issue. If someone is starting from the idea of seeking alternatives to rolling over a CD, they are thinking about getting a better yield. So in teaching, we should start with yield, then explain how yield on tradable bonds is determined by price not just coupon and, in the case of funds, that the value of bonds not current yield is crucial to understand.
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