Solved: Explain the concept of yield to maturity to your coworker, Finance Basics

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Explain the concept of yield to maturity to your coworker

Problem:

A co-worker of yours was discussing her investments with a broker. Your coworker was confused because she has purchased a 10% bond, but the broker kept repeating it had a 9% yield to maturity. Explain the concept of yield to maturity to your coworker.

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Finance Basics: Explain the concept of yield to maturity to your coworker

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