What is Yield to Maturity (YTM)? | SIE, SERIES7, SERIES65, SERIES66 Exam Prep

Yield to maturity is the total return anticipated on a bond if held until it matures, accounting for all coupon payments, the difference between purchase price and par value, and the time value of money. 📚 Learn more about Yield to Maturity (YTM) and other key terms for your SIE, SERIES7, SERIES65, SERIES66 exam at Open Exam Prep. 🎯 This term appears on: SIE, SERIES7, SERIES65, SERIES66 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Yield to Maturity (YTM) definition: https://www.open-exam-prep.com/glossary/yield-to-maturity 💡 Exam Tip: YTM = TOTAL return. Discount bond: CY less than CY less than YTM. Premium bond: CY greater than CY greater than YTM. Most complete yield measure! --- #securities #examprep #financeexam #sie #series7 #series65 #series66