| 释义 |
Money market yield
Money market yieldA bond quotation convention based on a 360-day year and semiannual coupons. See: Bond equivalent yield.Bond Equivalent YieldThe non-annual yield of a bond expressed in annual terms. The bond equivalent yield helps an investor compare the return of a bond that pays a coupon on an annual basis with a bond with semi-annual, quarterly, or any other coupons. It is calculated thusly:
Bond equivalent yield = ((face value - purchase price) / purchase price) * (365 / days until maturity). See also: Annual Percentage Rate.See MMY
See MMY |