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kaykay41 kaykay41
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8 months ago
The yield to maturity (YTM) is

▸ the discount rate used to evaluate bonds.

▸ the yield that an investor would expect to make if they bought the bond at the current price, held it to maturity, received all the promised payments on their scheduled dates, and reinvested all the cash flows received at YTM.

▸ the bond's internal rate of return.

▸ all of the above
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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satish1015satish1015
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8 months ago
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kaykay41 Author
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8 months ago
this is exactly what I needed
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Good timing, thanks!
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