Enter the face value of a bond, its current price, and the days to maturity into the calculator. The calculator will evaluate and display the bond equivalent yield.

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## Bond Equivalent Yield Formula

The following equation can be used to calculate the bond equivalent yield.

BEY = [(FV – P) / P]* (365/d)

- Where BEY is the bond equivalent yield
- FV is the face value
- P is the current price
- d is the days to maturity

## Bond Equivalent Yield Definition

A bond equivalent yield is a financial metric that is used to calculate the annual percentage yield for securities. This is used to understand the performance of a security when compared with just a typical bond.

## Bond Equivalent Yield Example

How to calculate bond equivalent yield?

**First, determine the face value.**Calculate the face value of the bond.

**Next, determine the current price.**Calculate the current price of the bond.

**Next, determine the days to maturity.**Calculate the number of days until the bond matures.

**Finally, calculate the BEY.**Calculate the bond equivalent yield using the formula above.

## FAQ

**What is a bond equivalent yield?**

A bond equivalent yield, or BEY for short, is the annual percentage that a bond yields on average.