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Money Market Yield |
Also found in: Acronyms | 0.01 sec. |
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Money market yield A bond quotation convention based on a 360-day year and semiannual coupons. See: Bond equivalent yield. Money Market Yield The non-annual yield of a bond expressed in annual terms. The money market 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 coupon. It is calculated thusly: Money market yield = ((face value - purchase price) / purchase price) * (365 / days until maturity). It is more commonly called the bond equivalent yield. See also: Annual percentage rate. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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