Module 4 · Lesson 20 · 8 min

Discount and implied yield

What you'll be able to do

  • Calculate a PT's implied APY from its price and days to maturity.
  • Explain why Pendle's glossary, price and contract versions of the formula give the same number.
  • Spot when a rate uses a different convention, or when a short maturity makes a small discount look large.

This course is for members.

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