Gross redemption yield

(GRY).

A measure of the return on a fixed income security.

It is the interest rate which, when used to discount all remaining payments of interest and principal, without any allowance for taxes, gives a present value equal to the price.

Also known as gross yield to redemption.

See also

• Discount
• Fixed income
• Gross
• Gross yield
• Interest rate
• Nominal yield
• Present value
• Principal
• Running yield
• Security
• Yield