Convert the bond-equivalent yield of a semi-annual-pay bond to an annual-pay bond.
Annual-Pay Yield of a Semiannual-Pay Bond = [...]
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Subject 5. Bond Equivalent Yield ted in this way is called a bond-equivalent yield (BEY).
However, yields of a semi-annual-pay and an annual-pay bond cannot be compared directly without conversion. This conversion can be done in one of the two ways:
<span>Convert the bond-equivalent yield of a semi-annual-pay bond to an annual-pay bond.
Convert the equivalent annual yield of an annual-pay bond to a bond-equivalent yield.
last interval [days]
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