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)
“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)
“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)