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In finance, mortgage yield is a measure of yield of mortgage-backed bonds. It is also known as cash flow yield. The mortgage yield, or cash flow yield, of a mortgage-backed bond is the monthly compounded discount rate at which net present value of all future cash flows from the bond will be equal to the present price of the bond.〔Choudhry, Moorad. ''Capital Market Instruments: Analysis and Valuation'', (FT Press, 2002), p. 208.〕 == Formula == When the coupon payments are made on a monthly basis, the mortgage yield can be calculated as: : Where :''t'' - the time of the cash flow :''n'' - each instance of coupon payment :''r'' - the discount rate : - the net cash flow (the amount of cash) at time t. 抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「Mortgage yield」の詳細全文を読む スポンサード リンク
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