The yield to maturity is often interpreted as an estimate of the average rate of return to
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The yield to maturity is often interpreted as an estimate of the average rate of return to an investor who purchases a bond and holds it until maturity. However, when future rates are uncertain, actual returns including reinvested coupons may diverge from yield to maturity. Related measures are yield to call, realized compound yield, and expected (versus promised) yield to maturity. P-8599
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ISE Investments
ISBN: 9781266085963
13th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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