Does one always earn the yield to maturity on bonds? Explain.© BrainMass Inc. brainmass.com June 3, 2020, 5:30 pm ad1c9bdddf
A bond's yield-to-maturity is the return you earn on a bond if bought today and held to maturity. It is equal to the return rate that sets the price you pay for the bond and equal to ...
The solution explains the concept of yield to maturity including the circumstance where a bond holder may not receive the calculated yield.