What is the meaning of yield-to-maturity? How is it related to the price of fixed income security?

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What is the meaning of yield-to-maturity? How is it related to the price of fixed income security? Is yield-to-maturity a "guaranteed" return for the investor? Why/why not?

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Advanced Financial Accounting

ISBN: 978-0078025624

10th edition

Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker

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Posted Date: Jan 08, 2021 12:25 PM

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What is the meaning of yield-to-maturity? How is it related to the price of fixed income security?

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Yield to maturity YTM is the discount rate at which present values of fu... View the full answer

Advanced Financial Accounting

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