Yield to maturity folds the purchase price, coupon stream, and repayment of face value at the end into one annualised rate. If you pay above face value, YTM sits below the coupon rate. If you buy at a discount, YTM sits above it, assuming the issuer pays everything on time.
Key takeaways
- YTM assumes you reinvest coupons at the same rate and hold to maturity without default.
- It is a standard way to compare bonds with different coupons and prices.
- Selling early means your actual return can differ from the YTM quoted when you bought.
- Credit risk and call features can make the simple YTM picture incomplete.
አማርኛ ሙከራ አማርኛ ሙከራ አማርኛ ሙከራ አማርኛ ሙከራ አማርኛ ሙከራ አማርኛ ሙከራ
አማርኛ ሙከራ አማርኛ ሙከራ አማርኛ ሙከራ አማርኛ ሙከራ አማርኛ ሙከራ አማርኛ ሙከራ
አማርኛ ሙከራ አማርኛ ሙከራ አማርኛ ሙከራ አማርኛ ሙከራ አማርኛ ሙከራ አማርኛ ሙከራ