The yield that a bond will earn given that it is bought back by the issuer at the earliest possible date is the:

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The yield to call (YTC) is the yield that a bond will earn if it is bought back by the issuer at the earliest possible date, which is the first date the issuer can call the bond. This yield calculation assumes that the bond will be called away and thus reflects the return an investor would get under those circumstances.

The Yield That a Bond Will Earn Given That It