Importance of the yield-to-maturity


Question: Describe or define and discuss a bond issued by a city that is having a little bit of a problem with creditworthiness (but not "junk" level yet) and how it is differentiated from other bonds. Then explain how valuing bonds is done and how interest rates affect their value. Consider the importance of the yield-to-maturity (YTM) in your discussion response.

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Finance Basics: Importance of the yield-to-maturity
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