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"The bond's issue date was 12/10/08; it's maturity date is 12/9/2011. It's coupon rate is 3.00%

They show the current price as being $103.945 with a "Current Yield" of 2.886% I assume that means: $3.00 earnings / $103.945 cost = 2.886% yield

Then they show a "Yield to Maturity" of 0.297%
I cannot figure out how this is calculated nor what it actually means. "

I'll try.

At maturity, you will receive $1000 for which you paid $1039.45 - a loss of $39.45.
You will have received interest of roughly $45 (you will own it for about a year and a half).
So your net is about 5.55 over 18 months on an investment of 1039.45.
That works out to about .03% (very rough calculations - I don't have my spreadsheet handy) but seems like it's in the ball park of what they are showing.

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