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发表于 2013-8-9 09:11 | 只看该作者

Final Query - 2 versions of HPY-BEY

effective, converts, provided, annual, period

Schweser have provided two formulas for converting a HPY into a BEY as below. Assume the HPY is for a period of 30 days
1) BEY= HPY*365/30
2) BEY = HPY^(6) * 2
I personally agree with the second formula as it converts the HPY to an effective semi annual yield. I would hugely appreciate it if anyone could clarify this for me.

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发表于 2013-8-9 09:11 | 只看该作者

I’m not working today.
The first shows up in Corporate Finance, and it’s wrong. Use it only in Corporate Finance.

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发表于 2013-8-9 09:11 | 只看该作者

Thanks a million, I really appreciate it.

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