In cases where the selected bond is priced using money market yields during the final coupon period, the annual, semiannual, quarterly, and monthly equivalent yields can be computed directly using the following relationship:
y_{c} = calculated compound yield (which has the same frequency as y_{m.} y_{m} = annual money market yield (simple interest). r = number of days from the settlement date to the next nominal coupon payment date (based on the appropriate accrual convention). s = number of days in the relevant coupon payment period (based on the appropriate accrual convention). h = number of coupon periods in a year. If h = 1, then the calculated yield assumes annual compounding; if h = 2, 4 or 12, then the calculated compound yield is expressed with semiannual, quarterly, or monthly compounding respectively. 

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