In business and finance, yield is the word that states the quantity of cash that comes back to a security’s owners. It is measured independently of variations in price. It proves to be a percentage of total return. It is used for measuring the return rates of fixed income investments, such as bonds, bills, strips, notes, and zero coupons; stocks, [...]

Yield to Maturity is also widely known in investment and analyst circles by its acronym YTM, as well as by the phrases book yield and redemption yield. This represents the aggregate return which investors can expect to receive for a bond if they keep the security until the end of its actual life. This is why YTM is generally called [...]