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:
“From a commercial point of view, if Christmas did not exist it would be necessary to invent it.”
—Katharine Whitehorn (b. 1926)
“Gentleman. A man who buys two of the same morning paper from the doorman of his favorite nightclub when he leaves with his girl.”
—Marlene Dietrich (1904–1992)
“All the world over, the picturesque yields to the pocketesque.”
—Herman Melville (1819–1891)