Which of the following is NOT a definition of yield to maturity?
A) investors' required rate of return on a bond investment.
B) discount rate that equates present value of future cash flows with a bond's price.
C) return that an investor will earn if they buy the bond for its market price and hold it until
maturity.
D) discount rate that equates present value of future cash flows with a bond's face value.
D
Business
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