These solutions may offer step-by-step problem-solving explanations or good writing examples that include modern styles of formatting and construction of bibliographies out of text citations and references. Students may use these solutions for personal skill-building and practice. Unethical use is strictly forbidden.Yield to maturity is a measure of the internal rate of return of the bond. The differences can be explained by a large number of factors. Firstly, the coupon rates may differ due to which YTM is different. Everything else same, if the coupon rate is high, the YTM is high for the bond and vice-versa. Second, the time to maturity of the bond also impacts YTM. Normally, bonds with longer time to maturities have higher YTM than bonds with shorter maturities (Graham & Smart, 2012)....
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