Yield to maturity
Yield to maturity (also known by its acronym, YTM) is the rate of interest earned on a bond if it is held to maturity.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Yield to maturity (YTM). The rate of interest earned on a bond if it is held to maturity.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Yield to maturity. The rate of return earned on a bond if it is held to maturity.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
