C
   
   Call-Adjusted Yield
   















 

C

Call-Adjusted Yield

The non-callable bond-equivalent yield on a callable bond. Equal to the basic yield to maturity less the expected opportunity loss (due to exercise of the issuer's call privilege). Similar adjustments are made in the calculation of call- adjusted duration and call-adjusted convexity. See also Option-Adjusted Spread (OAS), Option-Adjusted Yield.

Glossary * C