Bond equivalent yield

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Bond equivalent yield

Bond yield calculated on an annual percentage rate method. Differs from annual effective yield.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Bond Equivalent Yield

The 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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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Emineh always tried to stay awake until Mehmet Bey and Ahmet Bey, who carried fairgoers around the grounds in a glassed-in sedan chair, had told their tale; it was always her favorite.
Karima Hasan Bey, manager of gas operations for NiSource, Inc.