Yield to Maturity (YTM)
The single rate that makes a bond's future coupons and repayment worth exactly its current price — its true annualised return if held to the end. It's the standard way bonds are quoted and compared.
Where this is taught
Definitions are the trailer. These free levels turn Yield to Maturity into something you play — one bite-size lesson, with worked examples, a quiz and XP.