MRPNL
MRPNLRates & Bonds
Intermediate

Yield to Maturity

YTM

The total annualized return an investor earns if they hold a bond to maturity — accounting for coupon payments, price paid, and time remaining.

Price = Σ [C / (1+YTM)^t] + Face Value / (1+YTM)^n (solve for YTM)

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