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I can explain Yield to Maturity
The annualised return if you hold a bond until it matures, assuming coupons are paid.
YTM is the discount rate that equates a bond's price to its future coupons and principal.
Sticky trick
YTM assumes you hold to maturity and reinvest coupons at the same rate - real life can differ.
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In plain English, what is Yield to Maturity?
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