yield to maturity (YTM)
yield to maturity (YTM)
Finance dictionary of financial terms
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Economics and finance
Definition of yield to maturity (ytm)
yield to maturity (YTM): The rate of return investors expect to earn if they buy a bond at a specific price and hold it until it matures. Assumes that issuer makes all scheduled interest and principal payments as promised. Annual rate of interest earned on a security purchased on a given day and held to maturity. This is an ex ante (forecast) calculation that assumes the coupon interest, when received is reinvested at YTM for the remaining term to maturity. It is that discount rate that equates the current price of the bond with the sum of the discounted value of all promised cash flows.
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link: http://foba.lakeheadu.ca/
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Finance dictionary of financial terms
Finance dictionary of financial terms index
Definition and meaning of yield to maturity (ytm)
Meaning of yield to maturity (ytm)
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