Difference between revisions of "Yield to maturity"
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==Definitions== | ==Definitions== | ||
According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | ||
| − | :[[Yield to maturity]] ([[Yield to maturity | + | :[[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== | ==Related concepts== | ||
Latest revision as of 23:19, 1 November 2019
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.
