yield，rate，return在金融学分析中的区别？ - 知乎
11 July 2025 admin
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HPY （holding peirod yield）就是 HPR （holding period return） 在 CFA 教材里面有提到，Study session2 Page153. 只是分开两处用了两个不同的名字，公式略微不同其实本质都是一样的.略微不同处在于介绍HPY的时候公式里加了利息.介绍HPR的时候为了简化就只写了最简单的情况（ENGcash-BG cash）/BG cash.没考虑利息因素.
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