Ytm is the annualised return which takes into account the expected coupons, the face value and the price you paid. 到期收益率（yield to maturity, ytm）与票面利率（coupon rate）是债券投资中两个关键的概念，它们在定义、计算方法和公式上有所差异. 这是用excel求出来的三种情况：当coupon rate>ytm时，face value<购买价格当coupon rate 购买价格当coupon rate=ytm时，face value=购买价格.
kyootbot 💜ANNOUNCEMENT Daisy here—Live from KYOOTOPIA! 💫 It’s been a
