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Calculation of Tax Effective Yields: A Correction

Author

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  • Colin, J. W.
  • Dyl, Edward A.

Abstract

A recent article in this journal [1] described a model for the computation of taxadjusted true yields to maturity on discount bonds and explained the use of a computer routine implementing this model. Unfortunately, the translation of the computer program into equation form contained a number of notational errors. In addition, there was an equals sign missing from the third equation [1, page 267]. As a result, the reader, in attempting to implement the model as it was formulated in the original article, will probably fail.

Suggested Citation

  • Colin, J. W. & Dyl, Edward A., 1971. "Calculation of Tax Effective Yields: A Correction," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 6(4), pages 1163-1164, September.
    • Handle: RePEc:cup:jfinqa:v:6:y:1971:i:04:p:1163-1164_02
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