It measures the number of years required to recover the true cost of a bond, considering the present value of all coupon and principal payments received in the future. (us.beyondbullsandbears.com)
I asked Wade Pfau, associate professor at the National Graduate Institute for Policy Studies, to calculate the long - run opportunity cost of bond investment versus equity investment. (thinkadvisor.com)
This article about the unjustifiably high investment management costs of bond mutual funds summarizes three studies. (bondmarketindexfund.com)