The formula for calculating MMY standardizes yield calculations based on a ... x (360/Days to Maturity) The discount is the difference between the face value of the security and the purchase ...

As a bond grows closer to its maturity date, its yield to maturity (YTM), which is the anticipated return on the bond at maturity, and coupon rate begin to converge. Once the bond matures ...

It is selling at a discount ... The further away the bond's maturity or call date, the more volatile its price tends to be. The actual yield depends in large part on where interest rates stand ...