|
- UID
- 223261
- 帖子
- 237
- 主题
- 103
- 注册时间
- 2011-7-11
- 最后登录
- 2013-12-5
|
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%) |
|
发表于 2011-7-13 16:49
|