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Definición 1
Internal rate of return of a bond or other fixed-interest security between the date of purchase and the date of redemption.
Fuente: Invertext
Contexto: The yield to maturity includes not only the interest payments you will receive all the way to maturity, but it also assumes that you reinvest that interest payment at the same rate as the current yield on the bond and takes into account any difference between the current par value of the bond and the actual trading price of the bond at that time.
Fuente: www.fool.com