Check my work 16 6 pints A Bond's YTM represents the single discount rate that you would use to discount all of the bond's cash flows to get today's market price. However, this assumes you will be able to reinvest coupons at this constant rate throughout the life of the bond, which may be unrealistic. An alternative way to price a bond is to use different discount rates for each cash flow of the bond. What is the name for the rates that you would use to do this that would give you the same market price for the bond? eBook Print Multiple Choice References Z-rates Forward rates Spot rates Par rates