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- Nov 19, 2017
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Im at work so I cant poke into that right now but John Fedro is pretty well versed and very welcome to questions (google his name)I have a question on yield
How did he get the yield 23.09%?
This is from Lonnie Scruggs' book, Deals on Wheels
In this case, what is being calculated is the yield (or more accurately, the "yield to maturity"). In basic terms, this is similar to a compounded rate of return, assuming that all cash flow (payments) are reinvested at the same compounded rate of return.What is the concept behind it?
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