Cash Flow Yield (CFY) Question required, actually, equivalent

grharmeyer

In the schweser notes bond book pg 104 it gives the Bond equivalent yield as =[(1+monthly CFY)^6 1] x 2. Above that the professors note says “it is highly unlikely that you will be required to actually calculate a CFY on the exam… if you need to calculate a CFY use the CF on your calc”. Does this mean we probably dont have to memorize this formula?