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:
“It is only by not paying one’s bills that one can hope to live in the memory of the commercial classes.”
—Oscar Wilde (1854–1900)
“I’ve always had the notion that people go to spectator sports to have fun and then they grab the paper to read about it and have fun again.”
—Walter Wellesley (Red)
“As yields no mercy to desert,
Nor grace to those that crave it.
Sweet sun, when thou lookest on,
Pray her regard my moan;
Sweet birds, when you sing to her,
To yield some pity, woo her;”
—Thomas Lodge (1558?–1625)