Yield to maturity is also referred to as book yield or redemption yield. YTM may fluctuate, while a bond's coupon rate or the interest paid annually on the bond's face value remains fixed.

Find out how to calculate the yield to maturity of a zero-coupon bond, and learn why this calculation is simpler than one with a bond that has a coupon.

Thus, the formula would look like this: Maturity value = $100,000 x (1+.08 x 90/360) Notice that I have set this up to divide the days to maturity (90 in this case) by only 360 days instead of 365 ...