Yield & Income
Calc
Bond Equivalent Yield
Converts a semi-annual yield to an effective annual yield using compound interest.
Yield & Income
Calc
Real Yield
The inflation-adjusted return on a bond, calculated using the exact Fisher equation.
Yield & Income
Calc
Tax-Equivalent Yield
The pre-tax yield a taxable bond must offer to match the after-tax return of a tax-exempt municipal bond.
Yield & Income
Tax-Free Yield
The return on a tax-exempt investment such as a municipal bond, not subject to federal income tax.