I've been studying the Fixed Income Valuation chapter for the past 3 days and it seems alright except for the part where you have to convert Bond Equivalent Yield, Effective Annualized Yield, Semi/Quarterly Coupon Bond Equivalent Yield, Annual Yield on Semiannual bond basis etc to each other. I just don't understand what exactly each of these yields is and how to calculate one given the other. There are just so many different kinds of yields and I just can't get my head around it. Can someone please clarify what each yield means and the logic behind the calculations.
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