Commercial Paper Yields
Like Treasury Bills, yields on commercial paper are quoted on a discount basis—the discount return to commercial paper holders is the annualized percentage difference between the price paid for the paper and the par value using a 360-day year. Specifically: icp(dy) = x (360/h)
and when converted to a bond equivalent yield:
icp(bey) = x (365/h)
Read more about this topic: Commercial Paper
Famous quotes containing the words commercial, paper and/or yields:
“There is every reason to rejoice with those self-styled prophets of commercial disaster, those harbingers of gloom,
Over the imminent lateness of the denouement that, advancing slowly, never arrives,
At the same time keeping the door open to a tongue-in-cheek attitude on the part of the perpetrators....”
—John Ashbery (b. 1927)
“Well, my paper has asked me to do a series: Lives of the Great Musicians, reading time 2 minutes.”
—Dodie Smith, and Lewis Allen. Roderick Fitzgerald (Ray Milland)
“The only fruit which even much living yields seems to be often only some trivial success,—the ability to do some slight thing better. We make conquest only of husks and shells for the most part,—at least apparently,—but sometimes these are cinnamon and spices, you know.”
—Henry David Thoreau (1817–1862)