胡老师

 

•The bond-equivalent yield refers to 2× the semiannual discount rate. This convention stems from the fact that yields on U.S. bonds are quoted as twice the semiannual rate because the annual coupon interest is paid in two semiannual  payments.

The bond-equivalent yield refers to 2× the semiannual discount rate. This convention stems from the fact that yields on U.S. bonds are quoted as twice the semiannual rate because the annual coupon interest is paid in two semiannual  payments.

bond-equivalent yield 的计算步骤是先计算出半年的收益率，再将半年的收益率乘以2就可以了。1.02的平方－1＝4.04%这个步骤是计算出半年的收益率，因为3个月的收益率是0.02，应该还要将0.0404乘以2。