Series 3: Bank Discount Yield

Taken from our National Commodities Futures Examination

Definition of the term Bank Discount Yield...

the annual yield on a security sold at a discount, such as a Treasury bill or commercial paper

Since you're reading about Series 3: Bank Discount Yield, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 3
Please Enable Javascript
to view this content!