Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.

Discount yield is based on the discount calculated using the face value in the denominator. Money market yield and bond equivalent yield are calculated using the holding period yield, which has price (lower value) in the denominator. So the discount yield is lower than all yields when the security is trading at a discount. The money market yield is the holding period yield times 360 / days to maturity and the bond equivalent yield is holding period yield times 365 / days to maturity. So BEY will be higher than the MMY.
If you want to change selection, open original toplevel document below and click on "Move attachment"


statusnot read reprioritisations
last reprioritisation on suggested re-reading day
started reading on finished reading on



Do you want to join discussion? Click here to log in or create user.