Approximation of Yield to Maturity %D 2014 %R 10.3905/jwm.2014.17.2.031 %J The Journal of Wealth Management %P 31-33 %V 17 %N 2 %X Current yield is a common approximation for abondâ€™s yield to maturity. The approximation becomes less accurate as the bond price moves away from par value. By performing a relatively easy calculation that incorporates an annuity calculation with the coupon rate, an adjustment to current yield can be generated that is a much better approximation of the actual yield to maturity.TOPICS: Fixed income and structured finance, performance measurement %U https://jwm.pm-research.com/content/iijwealthmgmt/17/2/31.full.pdf