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10-2 The rate of return that you would earn if you bought a bond and held it to its maturity date is called the bonds

10-2 The rate of return that you would earn if you bought a bond and held it to its maturity date is called the bonds yield to maturity, or YTM. If interest rates in the economy rise after a bond has been issued, what will happen to the bonds price and to its YTM? Does the length of time to maturity affect the extent to which a given change in interest rates will affect the bonds price?

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