## About Bond Equivalent Yield Calculator

The online Bond Equivalent Yield Calculator is used to calculate the bond equivalent yield.

## Bond Equivalent Yield Definition

The bond equivalent yield (abbreviated as BEY) for an investment is a calculated annual yield for an investment, which may not pay out yearly.

## Formula

The bond equivalent yield calculation formula is as following:

BEY = [(F - P) × 365] / (P × D)

Where:

BEY = bond equivalent yield

F = face value of bond

P = purchase price

D = days to maturity