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An investor discounts every future payment back to today to value a bond. The rate used for that is the:

AYield to maturity
BYearly turnover
CYield of dividends
DYear end rate
Answer & Solution
Correct answer: A. Yield to maturity
1. Coupons and the final repayment are future cash flows. 2. One rate brings all of them into present value terms. 3. That rate is the yield to maturity. _Source: OpenStax Principles of Finance 2e, Chapter 10, Bonds and Bond Valuation._
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