Commercial Paper Calculator
Calculate yields and pricing for commercial paper, a short-term unsecured debt instrument issued by corporations.
Commercial Paper Details
$
%
days
Commercial Paper is unsecured short-term debt (up to 270 days) issued by highly-rated corporations at a discount to face value.
Purchase Price
$986,875
Dollar Discount
$13,125
Bond Equivalent Yield
5.394%
annualized return (365-day basis)
Yield Comparison
Bank Discount Yield5.250%
Money Market Yield5.320%
Bond Equivalent Yield5.394%
Effective Annual Yield5.504%
Transaction Summary
Face Value$1,000,000
Days to Maturity90 days
Holding Period Return1.330%
Est. Savings vs Bank Loan$2,433