The YTM of asset 
is computed using the price obtained on each valuation date so that:
with 
the price of asset at time 
, 
the stream of future payouts, and 
the yield-to-maturity or IRR rate for asset at time .
The YTM of asset is computed using the price obtained on each valuation date so that:
with the price of asset at time , the stream of future payouts, and the yield-to-maturity or IRR rate for asset at time .