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:
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—Katharine Whitehorn (b. 1926)
“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)
“Do you really think, Arthur, that it is weakness that yields to temptation? I tell you that there are terrible temptations that it requires strength, strength and courage, to yield to.”
—Oscar Wilde (1854–1900)