Yield is the amount of the profit divided by the amount of money invested.

Yield is also called “return on investment.”

For example, you own a mortgage where original balance was $100,000.

There were originally 120 payments due and your interest rate is 10%.

Your mortgage has 66 monthly payments still outstanding of $1,321.51 each.

You have been offered $50,000 for this mortgage by the note buyer.

What yield is the note buyer intending to get?