Finding the Discount Yield from the Bond Equivalent Yield formula (Please show all steps to...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Finding the Discount Yield from the Bond Equivalent Yield formula (Please show all steps to get Discount Yield on the left side):
How do I ALGEBRAICLLY get the Discount Yield on the left side from the following equation:
Bond Equivalent Yield = (365 * Discount Yield) / (360 - Days to Maturity * Discount Yield)
The final formula looks like: Discount Yield = (360 * Bond Equivalent Yield) / (365 + Days To Maturity * Bond Equivalent Yield)
I cannot figure out how the FINAL FORMULA factored out Discount Yield to the left side and how the Days to Maturity turned into a + sign from the original formula
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.