In addition, the totals of principal and interest are discounted to their present value based on
the actual yield to maturity.
Not exact matches
On the other hand, if the
yield on stocks rises over your holding period, your
actual return will be even less than the
yield -
to -
maturity you bargained for.
HYLD statistics and industry breakdowns are for the
actual HYLD security holdings as of the listed date, excluding cash, and the coupon,
maturity in years, modified duration,
yield to maturity, and ratings breakdown additionally exclude non-fixed income holdings, such as equities.
On the other hand, if the
yield on stocks rises over your holding period, your
actual return will be even less than the
yield -
to -
maturity you bargained for.