Bond Equivalent Yield Calculator
About Bond Equivalent Yield Calculator
The Bond Equivalent Yield Calculator is used to calculate the bond equivalent yield.
Bond Equivalent Yield Definition
The bond equivalent yield (abbreviated as BEY) for an investment is a calculated annual yield for an investment, which may not pay out yearly.
Formula
The bond equivalent yield calculation formula is as follows:
BEY = [(F - P) × 365] / (P × D)
Where:
BEY = bond equivalent yield
F = face value of bond
P = purchase price
D = days to maturity
