According to Investopedia, yield to maturity is the internal rate of return of an investment in a bond if the investor holds the bond until maturity, with all payments made as scheduled and reinvested at the same rate.
I don't really understand this definition, especially the part about the payments being "reinvested", so I was wondering if anyone could clear that up and also let me know if my current understanding is correct?
Submitted May 21, 2019 at 12:08AM by darealgeezer http://bit.ly/2we0s44
