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Community: Investing Wiki

Term Of The Hour

YTM municipal bond: Original post by Ryan Menezes of Demand Media A bond's yield to maturity (YTM) is the interest rate that would yield the bond's total return from the price that you pay for it. This is different from the bond's stated coupon rate, because you may buy a bond at a price different from its par value. You cannot calculate the YTM using direct mathematics, but you can with a spreadsheet, a program or a…

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