Source: Wikipedia, the free encyclopedia.
The adjusted current yield is a
fixed-interest securities. It is closely related to the concept of
current yield.
The adjusted current yield is given by the current yield with addition of
Here Face value is the face value of the bond, and Clean price is the clean price of the bond (i.e. present value of the bond with accrued interest subtracted).
Formula for adjusted current yield
In total the adjusted current yield is given by
