What does Yield to Maturity (YTM) represent for debt securities? Option: Risk of default on the debt security, Annual dividend payout of the debt security, Average interest rate earned at current market price until maturity, Maturity date of the debt security

What does Yield to Maturity (YTM) represent for debt securities?

What does the Yield to Maturity (YTM) of a bond represent?

What financial metric represents the total return an investor can anticipate receiving from a fixed-income security if held until its maturity date, factoring in the purchase price, coupon payments, and the face value?

What financial term denotes the principal amount that the issuer of a fixed-income security is obligated to repay upon the instrument's maturity date?

How is the yield of a T-bill calculated?

What is Macaulay duration used to measure in the context of debt instruments?