Wikipedia / Adjusted current yield
Wikipedia / Adjusted current yield
The adjusted current yield is a financial term used in reference to bondss and other fixed-interest securities. It is closely related to the concept of current yield.
Here Face value is the face value of the bond, and Clean price is the clean price of the bond (i.e. present value of the bond with accrued interest subtracted).
Formula for adjusted current yield
In total the adjusted current yield
References