Yield-to-maturity refers to the yield that a bondholder will receive if the bond is held until
A) Default
B) the tender date
C) the 1st call date
D) maturity
Answer: D
Yield-to-maturity refers to the yield that a bondholder will receive if the bond is held until
A) Default
B) the tender date
C) the 1st call date
D) maturity
Answer: D