Difference between Yield to Maturity and Yield to Call are:

**Yield to Maturity:**

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

**Yield to Call:**

**Definition:**YTC tells the total return that would receive.**Length of maturity:**As an investor, you should be aware that this yield is valid only if the bond is called prior to maturity.**Factors considered:**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.**Concept applicability:**This concept is only applicable if a bond is called the bond.