From Wikipedia, the free encyclopedia
The adjusted current yield is a
financial term used in reference to
bonds and other
fixed-interest securities. It is closely related to the concept of
current yield.
The adjusted current yield is given by the current yield with addition of
Here Face value is the
face value of the bond, and Clean price is the
clean price of the bond (i.e.
present value of the bond with
accrued interest subtracted).
Formula for adjusted current yield
In total the adjusted current yield is given by