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 ?
It is also true that as CER has evolved and adapted to changing economic circumstances, making progress has become more difficult, not so much because the vision is no longer there, but because as economies become more integrated attention turns to policies and regulations that have a lot to do with national sovereignty--the focus turns from at the border to behind the border.
A CER that is not meeting the directive, which is evaluated by the MEDDEV document
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NPC notes that the survey captures stakeholder perceptions of key CER players.
Serious legal and policy obstacles jeopardize the health care system's ability to make productive use of governmentally funded CER.
Hubbard: It's an overview of the hurdles that have to be overcome in order to get to an effective dissemination of CER findings.
The other five registered CDM projects were undergoing final verification checks before receiving their CERs, he said, adding the five were expected to generate 198,738 CERs annually.
Although the issue may still arise in the continuing health care reform efforts, expanded CER efforts are definitely coming to town, because last year's stimulus bill (The American Recovery and Reinvestment Act of 2009) included $1.
ID71025) establishes a working definition of CER, develops a priority list of research topics to be undertaken, and identifies requirements to support CER enterprise.
Starting this month, CER will build store rooms in the complex of a new library building.
CER, which will host an exhibition booth at the conference to showcase its waste heat recovery technologies applied in sulfuric acid production, said it expects to explore future international business opportunities at the conference, with attendance part of a strategic initiative to expand its international presence.
CER is a regional power company owned by Swicorp Joussour Company (Saudi Arabia) that will build, acquire, own and operate power generation, transmission and distribution facilities in the Middle East, North Africa, and South Asia (MENASA) region.