1、货币市场的BEY,出现在LM8中,专门讲货币市场工具收益率时,计算的Bond Equivalent Yield是一年按365天算的Add-on Yield。对应的计算公式是:【(FV-PV)/PV】×365/days 2、资本市场的BEY,出现在LM7中,不同计息频率年化收益率的转换。也就是咱们这道题的考点所在。此时的BEY代表的是一年付息两次的年化收益率。
CFA I Fixed Income Q. The bond-equivalent yield for a semi-annual pay bond is most likely: equal to the effective annual yield. equal to double the semi-annual yield to maturity. more than the effective annual yield. 老师您好,这道题是选2,但是为什么呢?原版书也没有给清晰的解释。谢谢!添...
Bond equivalent yield is the rate of return on a money market instrument that is calculated with reference to the purchase price of the instrument based on a 365-day year. It can be used to compare returns earned on the money market instrument with retur
Calculating the BEY is helpful if you want to compare your long-term bond with a short-term investment. Bond Equivalent Yield Formula BEY can be calculated by first taking the par value (face value) and subtracting the amount paid for the discount bond. Dividing that number by the purchase ...
We can work out the approximate change in bond price if the interest rates increase by 1% using the following formula:Change in Bond Price7.81%1%2237.57.61%Based on the above percentage, the expected bond price after 1 increase in yield (from 5% to 6%) is $924 (=$1,000 × (1 – ...
Created with Highcharts 10.3.3Corporate Bond -Investment GradeResidential MBS (Non-agency)Commercial MBSAsset-BackedSecuritiesCollateralized LoanObligationInvestment VehicleEmerging MarketsBondsCorporate Bond - HighYieldAgency Pass-throughAgency CMONet Cash 0%100%25%50%75% End of inte...
High Yield Corporate 27.56% Banking 10.77% Structured 9.19% Energy 8.84% Consumer Non-Cyclical 7.64% Consumer Cyclical 6.41% Communications 6.17% Financial Other 5.29% IG Non-Corporate 4.19% Basic Industry 3.64% Insurance 2.64% Capital Goods 1.66% Transportation 1.49% Electric 1.3...
Please see the Mutual fund pricing guide for more complete information and important disclosures regarding this section.Past performance does not guarantee future results.The SEC 30-Day Yield is computed under an SEC standardized formula and is based on the maximum offer price per share. The Taxable...
Please see the Mutual fund pricing guide for more complete information and important disclosures regarding this section.Past performance does not guarantee future results.The SEC 30-Day Yield is computed under an SEC standardized formula and is based on the maximum offer price per share. The Taxable...
Assume the following six-month forward rates (presented on an annualized, bond-equivalent basis) were calculated from the yield curve.The 3-year spot rate is closest to: A 0.74%. B 1.48%. C 2.06%. 查看答案解析 全站作答 94次 作答正确率 55% 易...