The formula for calculating MMY standardizes yield calculations based on a 360-day year. This length of year, while not astronomically correct, is a convention commonly used in the money markets ...

the yield of a perpetual bond is determined using the following formula: Yield = Annual Coupon Payment / Current Market Price of the Bond This calculation provides the current yield, which ...

Coupon yield, as described above, is the annual payment expressed as a percentage of the bond's face value. Current yield is the annual interest payment calculated as a percentage of the bond's ...