Business, Legal & Accounting Glossary
A metric used by bond investors to determine the yield on an issue with a maturity of less than one year, which trades at a discount and has no coupon value. The formula is: CEY=coupon/purchase price x 365/days to maturity.
CEY
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Definitions for Coupon Equivalent Yield are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.