513 - Formulas Flashcards
1
Q
Taxable Equivalent Yield (TEY)
A
tax-exempt yield
____________________
1 - marginal tax rate
2
Q
After-Tax Yield
A
pretax return x (1 - marginal tax rate)
3
Q
Investment Premium
A
4
Q
Conversion Premium
A
5
Q
Downside Risk
A
6
Q
A