What is the difference between a discount yield and a bond equivalent yield? Which yield is used

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What is the difference between a discount yield and a bond equivalent yield? Which yield is used for Treasury bill quotes?

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:33 AM

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What is the difference between a discount yield and a bond equivalent yield? Which yield is used

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The discount yield differs from a bond equivalent yield for two reasons i the ...View the full answer

Financial Markets and Institutions

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