Difference between YTM and the rate of return on bond: Consider a $1,000-face-value 10-year coupon bond with a coupon rate of 10% that is bought for $1,000. Answer the following questions 1. What is its YTM? (note that YTM means we are holding this bond until its maturity, 10 years, that is, holding period and maturity are the same). 2. Now assume that instead of holding this bond until its maturity, you hold it just for one year and then sell for $1,200. What is rate of return 3. Why are they different