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Cash Flow Yield (CFY) Question
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?
Edited 1 time(s). Last edit at Wednesday, April 13, 2011 at 12:12PM by ba736. |
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发表于 2011-7-13 15:10
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