Journal of Financial and Quantitative Analysis Vol. 6 No. 4 1971
Calculation of Tax Effective Yields: A Correction
Abstract
A recent article in this journal [1] described a model for the computation of taxadjusted true yields to maturity on discount bonds and explained the use of a computer routine implementing this model. Unfortunately, the translation of the computer program into equation form contained a number of notational errors. In addition, there was an equals sign missing from the third equation [1, page 267]. As a result, the reader, in attempting to implement the model as it was formulated in the original article, will probably fail.
- DOI
- 10.2307/2329617
- Volume
- 6
- Issue
- 4
- Pages
- 1163
- Sources
- openalex crossref