| 释义 |
discount yield Discount yieldThe yield or annual interest rate on a security sold to an investor at a discount. A bond that is sold at $4875 that matures to $5000 has a discount of $125. To calculate the discount yield: (discount divided by the face value of the security) multiplied by the (number of days in the year divided by the number of days to maturity).Discount YieldA way to quote the price for bonds. It is calculated as the annualized yield assuming a 360 day year. One calculates the discount yield thusly:
Discount yield = (Discount from par value / par value) * (360 / Days until maturity)
The discount yield is also called the discount basis or the bank-discount basis.discount yield See bank-discount basis. |