The Office of the Secretariat of the Eastern Caribbean Securities Regulatory Commission is now open for normal operations from Tuesday to Thursday each week from 8:00 am to 4:00 pm.
We continue to work remotely on Monday and Friday each week. You may contact us via email at info@ecsrconline.com or telephone 1 (869) 465-2537.
Thank you for your continued patience and cooperation.
The terms provided in this section are intended to empower the user to interact with a trained/licensed individual in an informed manner. The terms are not designed to replace the service of these individuals. The ECSRC strongly recommends that the user seeks professional advice before taking action on any investment matter.
Yield to Maturity
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The Yield to Maturity (YTM) is a finance concept used to determine the rate of return an investor will receive if a long-term, interest bearing investment, such as a bond, is held to its scheduled maturity date. This yield calculation takes into account purchase price, redemption value, time to maturity, coupon yield, and the time between interest payments. Recognizing the time value of money, the YTM is the discount rate at which the present value of all future payments would equal the present price of the bond, also known as?internal rate of return. It is implicitly assumed that coupons, upon receipt are reinvested at the YTM rate. The YTM can be determined using a programmable financial calculator. For a sample calculation of this yield measure refer to the?Bond Yield Calculator?[KSO3]