The "yield to maturity" is the internal rate of return on a bond.

Question

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Yield to maturity (YTM) is the total return anticipated on a bond if the bond is held until it matures. It takes into account not only the bond's interest rate but also the difference between its market price and face value, the time remaining until maturity, and the interest that could be earned by reinvesting all of the bond's interest payments. Therefore, YTM can be considered as the internal rate of return on a bond.

The "Yield to Maturity" Is the Internal Rate of Return