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prashantsahni

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tT
发表于 2011-7-13 16:49 | 只看该作者

Bond equivalent

equivalent, finance, different
It's different in Corporate finance

HPY x 365/t

So it means that we calculate in differently in exam ? Different calculation in CF section and different in quant section ?
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eagles_dare13

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7#
发表于 2011-7-13 16:49 | 只看该作者
No but you don't need to find the BEY to solve those problems

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homie

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6#
发表于 2011-7-13 16:49 | 只看该作者
- varundarji

I thought that when a bond yield was mentioned, say 6.3% semiannually, that WAS the BEY.....

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MythosHF

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5#
发表于 2011-7-13 16:49 | 只看该作者
Yes, calculate differently.

Anyone know why?

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ogoluwa

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4#
发表于 2011-7-13 16:49 | 只看该作者
tks varundarji

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Siddimaula

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3#
发表于 2011-7-13 16:49 | 只看该作者
Bond equivalent yield*

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JRossSter

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2#
发表于 2011-7-13 16:49 | 只看该作者
Remeber BEY is only the annualized version of HPY

To understand BEY better...the explaintion inFixed income books is the best...
Most US govt bonds pay semi annual coupon.....say 6.3%...so if you want the BEYwould be the coupon payment compunded 6 monthly will be
=[(1+0.063)^0.5 -1]*2
=6.2%

it is always less than the EAY(6.3%)

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