Average Yield-to-Maturity

Example Definitions of "Average Yield-to-Maturity"
Average Yield-to-Maturity. The sum of the yields to maturity of the last reported trade on each Trading Day during the calendar month of the series of Clear Channel Reference Notes that has the nearest future maturity date, divided by the total number of Trading Days that month.
Found in iHeartCommunications, Inc. contract
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