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Megan was certain that she would never live far away from her family. However, when offered a better job in another state, she decided to move. Megan's experience best illustrates
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The additional amount a bond issuer must pay over the par value if they wish to redeem the bond before its maturity date.
Time To Maturity
The remaining time until a financial instrument, such as a bond, reaches its date of redemption and the principal amount is repaid to investors.
Total Return
The overall financial gain or loss on an investment over a specific period of time, including interest, capital gains, dividends, and distributions realized over the period.
Yield-To-Maturity
The total return anticipated on a bond if held until it matures, including all payments and interest.
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