{"id":32244,"date":"2006-08-21T19:00:33","date_gmt":"2006-08-21T23:00:33","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=83"},"modified":"2006-08-21T19:00:33","modified_gmt":"2006-08-21T23:00:33","slug":"research-yield-ahead","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=32244","title":{"rendered":"Research : Yield Ahead"},"content":{"rendered":"<p>The new (September) issue of <a href=\"http:\/\/www.canadianMoneysaver.ca\">Canadian Moneysaver<\/a> has been released, so now I am releasing the column that was in the old (July\/August) one: <a href=\"http:\/\/www.himivest.com\/media\/moneysaver_0607.pdf\">Yield Ahead<\/a>.<\/p>\n<p>This article looks at yield calculation and provides a link to an accurate spreadsheet. As all of <em>us<\/em> know, you can&#8217;t use bond calculators to calculate preferred share yields due to the difference in treatment of accrued income on settlement &#8230; so, I hope, this article will help small investors be a little more accurate in their pricing.<\/p>\n<p>\u00a0Look for the &#8220;Research&#8221; Link!<\/p>\n<div align=\"center\"><a href=\"http:\/\/www.himivest.com\/media\/moneysaver_0607.pdf\"><img decoding=\"async\" src=\"http:\/\/www.prefblog.com\/images\/Ad_YieldAhead.jpg\" \/><\/a><\/div>\n<p><strong>Update, 2007-6-10:<\/strong> I sometimes use a reference to this article when talking about Yield-to-Worst, but this calculation is not explicitly described in the article. To find the Yield-to-Worst of a preferred share:<\/p>\n<ol>\n<li>Calculate the Yield-to-Maturity for each call option available to the issuer.<\/li>\n<li>If necessary, adjust this list to reflect the potential for the holder to exercise retraction options to influence the scenario.<\/li>\n<li>The yield-to-worst is the lowest yield in the resultant list.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>The new (September) issue of Canadian Moneysaver has been released, so now I am releasing the column that was in the old (July\/August) one: Yield Ahead. This article looks at yield calculation and provides a &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-32244","post","type-post","status-publish","format-standard","hentry","category-publications"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32244"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32244\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}