is YTM basically IRR for bond?

YTM is the rate that makes the future cash flows equal to the current price of the bond
 
igor555 wrote:
YTM is the rate that makes the future cash flows equal to the current price of the bond
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Yes, I know, which is why I asked the question in the first place…
 
kuromusha wrote:
igor555 wrote:YTM is the rate that makes the future cash flows equal to the current price of the bond
Click to expand...
Yes, I know, which is why I asked the question in the first place…
Click to expand...
Then it seems you already knew the answer.
 
I knew what YTM was, I was not sure if it is the same thing as IRR, which is why I asked the question.
 
If you had looked up the definition of IRR, you’d have seen that they’re the same.
And looking it up yourself will lock it into your memory a lot more solidly than having someone here give you the answer.
 
I did looked it up, which is why I found it weird that they have the basically the same thing, which is why I wondered why they are not labelled with the same terminology, hence why i asked to here to confirm.
So basically
IRR is for corporate projects.
YTM (Aka. YTR) are for fixed interest securities.
 
Yes. YTM is the discount rate that brings the sum of the present value of all the future cash flows related to the bond to equate with its price.
 
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