The bond equivalent yield times 365/360 is equal to the single payment yield.

Question

Quizplus · Accepted Answer

The bond equivalent yield (BEY) and the single payment yield (SPY) are related but not directly convertible by simply adjusting the day count convention from 365 to 360 days. BEY annualizes the yield on a discount bond or note to make it comparable to coupon-bearing instruments, while SPY calculates the yield of a single payment investment, and their calculation methods differ.

The Bond Equivalent Yield Times 365/360 Is Equal to the Single