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:
“A commercial society whose members are essentially ascetic and indifferent in social ritual has to be provided with blueprints and specifications for evoking the right tone for every occasion.”
—Marshall McLuhan (1911–1980)
“They come on to my clean
sheet of paper and leave a Rorschach blot.
They do not do this to be mean,
they do it to give me a sign....”
—Anne Sexton (1928–1974)
“The only fruit which even much living yields seems to be often only some trivial success,—the ability to do some slight thing better. We make conquest only of husks and shells for the most part,—at least apparently,—but sometimes these are cinnamon and spices, you know.”
—Henry David Thoreau (1817–1862)