Coupon Equivalent Rate - CER
网友投稿• 2022-01-05 16:02:54 •阅读95
A alternative calculation of coupon rate used to compare zero-coupon and coupon fixed-income securities. Formula: |||Because the quoted rate of bonds is calculated according to face value, this rate for bonds issued at a discount is inaccurate for comparing them to other coupon bonds. It is more accurate to use the CER because it uses the investor's initial investment as the basis.
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