stated annual yield
(SAY)
Noun
The stated annual rate on a bond that does not account for intrayear compounding or consider the periodicity of the stated annual rate, where for an annual-pay bond the periodicity is one, for a semiannual-pay bond it is two, and for a quarterly-pay bond it is four.
Synonym(s):
- stated annual rate.
Leave A Comment
You must be logged in to post a comment.