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2#
发表于 2013-4-6 21:14
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HPY = the simple arithmetic return (yield) over the holding period of t days.
The Effective Annual Yield is the annualized equivalent (based on compounded interest) of the HPY over a 365day year. I’m not sure if the 360day is a typo, my schweser notes show an exponent of 365/t |
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