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The relationship between gross and net yields to redemption

Published online by Cambridge University Press:  20 April 2012

H. O. Worger
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Extract

1. With reference to the Actuarial Note by Messrs Hathaway, Rickard & Woods (HR&W) J.I.A.113, 509–520 there is a simpler way, which is much easier to calculate, of approximating from the gross yield to redemption to the net yield, with taxation on the basis assumed by HR&W.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 115 , Issue 3 , September 1988 , pp. 527 - 534
Copyright
Copyright © Institute and Faculty of Actuaries 1988

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