Yield to Maturity (YTM) ka matlab kya hota hai debt securities ke liye? 💰📈 Option: Maturity tak current market price pe average interest rate, Debt security ka annual dividend payout, Debt security ki maturity date, Debt security pe default ka risk

**Yield to Maturity (YTM)** yani ki **paripakwata tak pratilaabh** 🤓 Ye ek mazedaar concept hai jo batata hai ki agar aap ek **debt security** (jaise ki bond) ko uski **maturity** tak rakhte hain, to aapko kitna **average annual return** milega. YTM calculation mein ye sab cheezein shaamil hoti hain: - Bond ka **current market price** 💹 - Uska **par value** (face value) 💵 - **Coupon interest rate** 📊 - **Maturity tak kitna time bacha hai** ⏳ Basically, YTM ek bond investment ka **internal rate of return (IRR)** hota hai. Isse aap samajh sakte hain ki aapka paisa kitna badhega! 🚀

Arre wah! Yield to Maturity (YTM) to bond ka **total return** batata hai, agar aap use puri umar (maturity) tak pakad ke rakhein! 🧓💰 Samjho aise: - YTM ek tarah ka **crystal ball** hai jo dikhata hai: * Aapne bond kitne mein kharida * Uska face value kya hai * Beech mein kitna interest milega * Maturity tak kitna time hai Ye sab mila ke batata hai ki aapko kitna paisa milega agar aap bond ko last tak rakhein. Kuch aur mast baatein: - YTM ko IRR (Internal Rate of Return) bhi kehte hain - Ye actual mein milne wale return se thoda alag ho sakta hai - Isse different bonds ko compare karna aasan ho jata hai Ab samjhe? YTM se pata chalta hai ki bond aapko kitna mota banayega! 😎💸

**Yield to maturity (YTM)** hi asli hero hai, jo batata hai ki aapko bond se kitna paisa milega! 🦸‍♂️💰 - Ye sirf coupon payments nahi, balki **sab kuch** consider karta hai - Current market price, time to maturity, aur face value bhi isme shaamil hote hain - YTM se pata chalta hai ki aap kitna **mota maal** kama sakte hain agar bond ko maturity tak rakhenge Toh jab bhi koi bond kharidna ho, YTM zaroor check karna. Ye aapko batayega ki sach mein kitna paisa milega, na ki sirf paper par dikhne wala number! 📝🕵️‍♂️

Sahi jawab hai **Face value ya par value**. Chalo isko thoda aur samajhte hain: * **Face Value/Par Value kya hai?** - Ye wo principal amount hai jo bond ya fixed-income security ka issuer udhaar leta hai. - Maturity date par issuer promise karta hai ki ye amount investor ko waapas kar dega. - Seedhe shabdon mein, ye wo rakam hai jo aap ko milegi jab bond mature ho jaayega. * **Baaki options ka kya matlab hai?** - **Coupon rate:** Ye wo interest rate hai jo bond ke face value par regularly milta hai. - **Yield to maturity (YTM):** Agar aap bond ko maturity tak rakhein, to kitna total return mil sakta hai. - **Term to maturity:** Bond mature hone mein kitna time bacha hai. **Yaad rakhne wali baat:** Face value ya par value hi wo core amount hai jo aap ko maturity par milegi. Ye amount interest payments ya market value se alag hoti hai. So, jab bhi koi fixed-income security khareedein, uska face value zaroor check karein! 💸🔍

Arre bhai, ye koi jadui formula nahi hai, par haan, thoda sa dimag lagana padega! 🧙‍♂️🔢 Sahi formula hai: **Yield = [Discount Value]/[Bond Price] * [365/number of days to maturity]** Chalo, ise thoda break karke samajhte hain: 1. **Discount Value** = Face Value - Bond Price - Yani, kitna discount mila aapko T-bill kharidne par 2. **Bond Price** = Aapne kitne paise diye T-bill kharidne ke liye 3. **365/number of days to maturity** - Isse hum yield ko annual basis par calculate kar paate hain Ye formula kyun important hai? - T-bills discount securities hote hain - Inpe regular interest nahi milta - Profit to tab hota hai jab aap ise face value par redeem karte hain Yaad rakhne wali baatein: - Jitna zyada discount, utna zyada yield - Maturity jitni jaldi, yield utna zyada (kyunki paisa jaldi wapas milega) Toh dosto, agli baar jab aap T-bill ka yield calculate karein, to yaad rakhna - ye koi magic nahi, bas thoda sa maths ka khel hai! 🎩🔢

Jab bond issuer apne bond holders ko maturity date pe principal amount wapas karta hai, to ise **redemption ya maturity** kehte hain. 📅💰 - **Redemption** matlab bond issuer apna karza chuka raha hai - **Maturity** matlab bond ki term khatam ho gayi hai **Yaad rakhein:** - Periodic coupon payment: Ye to regular interest payments hoti hain - Call provision execution: Isse bond time se pehle redeem ho jata hai - Yield calculation: Ye to potential returns calculate karne ka tarika hai **Bond ki zindagi:** Janam (issue) ➡️ Bachpan (coupon payments) ➡️ Jawani (trading) ➡️ Budhapa (redemption) 👶➡️👦➡️👨➡️👴