According to the U.S. Census Bureau, Tuscaloosa has a total area of 70.3 square miles (182 km2), of which 60.2 square miles (156 km2) is land and 10.1 square miles (26 km2) is water. Most water within the city limits is in Lake Tuscaloosa, which is entirely in the city limits, and the Black Warrior River.
Yield to Maturity (YTM). Yield to maturity (YTM) is the rate of return expected on a bond which is held till maturity. It is essentially the internal rate of return on a bond and it equates the present value of bond future cash flows to its current market price.
1 Time to maturity: Consider two bonds that each cost $1,000 and yield 5%. 2  A bond that matures in one year would more quickly repay its true cost than a bond that matures in 10 years. 3  As a result, the shorter-maturity bond would have a lower duration and less price risk. 4  The longer the maturity, the higher the duration. The longer the maturity, the higher the duration. 2  Coupon rate: A bond's payment is a key factor in calculating duration. 3  If two otherwise identical bonds pay different coupons, the bond with the higher coupon will pay back its original cost quicker than the lower-yielding bond.