Coupon Equivalent Rate

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Coupon Equivalent Rate

An alternative method of calculating the yield on a bond. It is used for zero-coupon bonds, as these are issued at discounts to their face value; that is, the CER states what the coupon rate would be if it carried a coupon and had been sold at face value. As such, it gives a more accurate picture of the yield of a zero-coupon bond. It is calculated as:

CER = ((Market Price - Face Value) / Market Price) * (365 / Days until Maturity).
References in periodicals archive ?
The QuantiFERON-TB latent tuberculosis test continued growing more than 20% CER and provided approximately 8% of total sales.
With Comporium's investment in the ARRIS E6000 CER we're continuing a successful partnership that ARRIS takes great pride in.
Powering Smarter Networks: The ARRIS E6000 CER The ARRIS E6000 CER delivers new levels of density and cost-effectiveness in a simple, robust integrated architecture that will enable converged services on broadband networks.
There is still more progress to be made in achieving the full promise of CER," said Kimberly Westrich, NPC vice president for health services research.
Change In $ millions, except per share information 9M 2014 9M 2013 $ CER Net sales, adjusted 985.
The ARRIS E6000 CER is an innovative solution that allows operators to enrich their consumer offering through not only increased Internet speeds, but also converged services such as VOD using integrated DVB EQAM," said Marcin UEeasik, Product Development Director, VECTOR.
The ARRIS E6000 CER provides us with a high-availability, high-performance solution with impressive scalability," said Mr.
So despite NBs passing their CER, manufacturers can't rest on their laurels and think they are in the clear.
Adjusted net sales rise about 5% CER excluding approximately three percentage points of headwind from reduced U.
The E6000 CER is based on the Converged Cable Access Platform (CCAP) specification that enables operators to optimize IP content delivery and to cost-effectively deploy services.
WESTbahn distances itself from the basic setting of the CER (Community of European Railway and Infrastructure Companies) that blocks liberalization and market opening.