As will be discussed in Chapter 3, the yield to maturity is the return the bond holder
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As will be discussed in Chapter 3, the yield to maturity is the return the bond holder will earn on the bond if he or she buys the bond at its current market price, receives all coupon and principal payments as promised, and holds the bond until maturity.
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Related Book For 
Financial Markets And Institutions
ISBN: 9781259919718
7th Edition
Authors: Anthony Saunders, Marcia Cornett
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