Difference between Yield to Maturity and Yield to Call are:

**Yield to Maturity:**

YTM means the interest rate for which the present value of the bonds payments equals the price.**Definition:**As an investor, you should be aware that this yield is valid only if the bond is continued up to maturity.**Length of maturity:**The calculation of yield to maturity is based on the coupon rate, the length of time to maturity and the market price of the bond.**Factors considered:**This concept is applicable to the non-callable bond.**Concept applicability:**

**Yield to Call:**

YTC tells the total return that would receive.**Definition:****Length of maturity:**As an investor, you should be aware that this yield is valid only if the bond is called prior to maturity.The calculation of yield to call is based on the coupon rate, the length of time to the call date and the market price of the bond.**Factors considered:**This concept is only applicable if a bond is called the bond.**Concept applicability:**