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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—Benjamin Harrison (1833–1901)
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Where Sato’s gift, a changeless sword,
By pen and paper lies,
That it may moralise
My days out of their aimlessness.”
—William Butler Yeats (1865–1939)
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Is ours already, and the man entire
Upon the next encounter yields him ours.”
—William Shakespeare (1564–1616)