Yield to maturity

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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.

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