semiannual effective yield
(SAEY)
Noun
Half of the bond equivalent yield computed by compounding the monthly yield for six months and doubling it to obtain the bond equivalent yield (BEY).
Comment:
SAEY = (1 + monthly yield)6 − 1
Half of the bond equivalent yield computed by compounding the monthly yield for six months and doubling it to obtain the bond equivalent yield (BEY).
You must be logged in to post a comment.