Money Market Yield Solution

STEP 0: Pre-Calculation Summary
Formula Used
Money Market Yield = Holding Period Yield*360/Time to Maturity
MMY = HPY*360/mt
This formula uses 3 Variables
Variables Used
Money Market Yield - Money Market Yield is a measure of the annualized yield on a money market instrument.
Holding Period Yield - Holding Period Yield is a measure of the total return on an investment over a specific period, taking into account both capital appreciation or depreciation and any income generated by the investment.
Time to Maturity - Time to Maturity refers to the remaining time until a financial instrument, such as a bond or a loan, reaches its maturity date.
STEP 1: Convert Input(s) to Base Unit
Holding Period Yield: 3 --> No Conversion Required
Time to Maturity: 180 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
MMY = HPY*360/mt --> 3*360/180
Evaluating ... ...
MMY = 6
STEP 3: Convert Result to Output's Unit
6 --> No Conversion Required
FINAL ANSWER
6 <-- Money Market Yield
(Calculation completed in 00.004 seconds)

Credits

Created by Vishnu K
BMS College of Engineering (BMSCE), Bangalore
Vishnu K has created this Calculator and 50+ more calculators!
Verified by Kashish Arora
Satyawati College (DU), New Delhi
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10+ Bond Yield Calculators

Coupon Bond Valuation
Go Coupon Bond = Annual Coupon Rate*((1-(1+Yield to Maturity (YTM))^(-Number of Payments Per Year))/(Yield to Maturity (YTM)))+(Par Value at Maturity/(1+Yield to Maturity (YTM))^(Number of Payments Per Year))
Yield to Call for Callable Bond
Go Yield to Call = ((Coupon Payment+(Theoretical Price of Call Option-Current Bond Price)/Number of Years to Track Growth)/ ((Theoretical Price of Call Option+Current Bond Price)/2))
Bond Convexity Approximation
Go Bond Convexity Approximation = (Bond Price when Incremented+Bond Price when Decremented-2*(Bond Value))/(2*Bond Value*(Change in Interest Rate)^2)
Yield to Maturity
Go Yield to Maturity (YTM) = (Coupon Payment+((Face Value-Price)/Years to Maturity))/((Face Value+Price)/2)
Holding Period Yield
Go Holding Period Yield = (Interest Paid+Face Value-Purchase Price)/Face Value
Zero Coupon Bond Effective Yield
Go Zero Coupon Bond Effective Yield = (Face Value/Present Value)^(1/Number of Periods)-1
Zero Coupon Bond Value
Go Zero Coupon Bond Value = Face Value/(1+Rate of Return/100)^Time to Maturity
Bank Discount Yield
Go Bank Discount Yield = (Discount/Face Value)*(360/Days to Maturity)*100
Money Market Yield
Go Money Market Yield = Holding Period Yield*360/Time to Maturity
Current Bond Yield
Go Current Bond Yield = Coupon Payment/Current Bond Price

Money Market Yield Formula

Money Market Yield = Holding Period Yield*360/Time to Maturity
MMY = HPY*360/mt

What is Money Market Yield?

In calculating the money market yield, we can break the formula into two sections. The holding period yield (HPY) is the return earned from holding the security from purchase until maturity. By plugging the HPY into the money market yield formula, it accounts for the amount of holding time, with 360 representing one financial year.

How to Calculate Money Market Yield?

Money Market Yield calculator uses Money Market Yield = Holding Period Yield*360/Time to Maturity to calculate the Money Market Yield, The Money Market Yield formula is defined as a measure to calculate the annualized yield on a money market instrument. Money Market Yield is denoted by MMY symbol.

How to calculate Money Market Yield using this online calculator? To use this online calculator for Money Market Yield, enter Holding Period Yield (HPY) & Time to Maturity (mt) and hit the calculate button. Here is how the Money Market Yield calculation can be explained with given input values -> 2.4 = 3*360/180.

FAQ

What is Money Market Yield?
The Money Market Yield formula is defined as a measure to calculate the annualized yield on a money market instrument and is represented as MMY = HPY*360/mt or Money Market Yield = Holding Period Yield*360/Time to Maturity. Holding Period Yield is a measure of the total return on an investment over a specific period, taking into account both capital appreciation or depreciation and any income generated by the investment & Time to Maturity refers to the remaining time until a financial instrument, such as a bond or a loan, reaches its maturity date.
How to calculate Money Market Yield?
The Money Market Yield formula is defined as a measure to calculate the annualized yield on a money market instrument is calculated using Money Market Yield = Holding Period Yield*360/Time to Maturity. To calculate Money Market Yield, you need Holding Period Yield (HPY) & Time to Maturity (mt). With our tool, you need to enter the respective value for Holding Period Yield & Time to Maturity and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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