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# Yield to maturity is the rate of return an investor will receive on a bond if it is held to maturity and if the interest payments are re-invested at...

Yield to maturity is the rate of return an investor will receive on a bond if it is held to maturity and if the interest payments are re-invested at the YTM. the IRR of a bond - the interest rate that makes the PV of all payments equal to the price of the bond. The "expected" return. The rate required in the market on a bond. When is the maturity?