the yield to maturity

Doing this will have a similar result to the yield to maturity when bonds are bought at premiums or discounts.

这样做，将有一个到期收益率，债券溢价或折价购买时类似的结果。

The Yield to maturity would be higher for a discount bond, based on the fact that you are still earning interest on par even if you paid under par.

折扣债券到期收益率将更高，根据事实，你仍然看齐赚取利息，即使你支付低于标准杆。

This paper simply illustrates traditional theory of term structure of interest rate, and obtains the yield to maturity of our country 's national debt through the method of continuous compounding.

本文简单地阐述了传统的利率期限结构理论，通过连续复利的方式获得了我国国债的到期收益率。