Sample resume for an HVAC technician Make sure your HVAC technician resume fully conveys the scope of your skills and training. This sample will show you how.
Yield to maturity is the discount rate at which the sum of all future cash flows from the bond (coupons and principal) is equal to the price of the bond. The YTM is often given in terms of Annual Percentage Rate (A.P.R.), but more usually market convention is followed.
The yield of a bond is the discount rate at which the present value of future cash flows is equal to the current price of the bond. 1  Let's say that a bond is selling at $120 and pays an annual coupon of $10 for ten years (ten-year maturity) and then pays a principal of $100.