What is yield to maturity for dummies?

Related questions

1. What is the relationship between a bond's price and its yield to maturity?
2. What affects YTM?
3. What happens after maturity date?
4. Why does Bond price decrease when yield to maturity increases?
5. Which type of bonds offer a higher yield?
6. What rating is high yield?
7. Are high yield bonds a good investment?
8. How much do bonds yield?
9. Do callable bonds have higher yields?
10. Is a higher yield to maturity better?

Tags

1. #annual
2. #yield
3. #matures
4. #until
5. #return
6. #expressed
7. #total
8. #considered
9. #anticipated
10. #maturity