bonds
maturity = no. of years remaining for the maturity coupon = interest paid every year (or 6 months) until maturity frequency = interest paid, denoted by m = semi annual means 2 annual means 1 yield to maturity = % bond value = present value of coupon + present value of principal = coupon * [PV ytm, t] + principal * [PV ytm, t] coupon * (1- 1/(1+r)t /r) if yield goes down, price will go up