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