The BEY is a simple annualized version of the semi-annual YTM and is calculated by multiplying the YTM by two. In this example, the BEY of a bond that pays semi-annual coupon payments of $50 would ...

YTM is what's called a bond equivalent yield (BEY). Investors can find a more precise annual yield once they know the BEY for a bond if they account for the time value of money in the calculation.

Yield to maturity (YTM) is the annual expected return of a bond if held until maturity, also referred to as book yield. S&P 500 +---% | Stock Advisor ...