Computing Realized Compound Yield With A Financial Calculator: A Note

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Ralph Terregrossa
Ronald L. Moy


yield to maturity, realized compound yield, modified internal rate of return


This note points out that realized compound yield (RCY) has a similar concept from capital budgeting; namely, modified internal rate of return.  Recognizing this relationship makes it easier to teach the concept and allows students to easily compute RCY using a financial calculator. 


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