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Yield Analysis for Lessors: A PrimerBy James M. Johnson, Ph.D
Fall/Winter 1983
The article presents a number of the more frequently encountered measures of yield. The notions of pretax and after-tax yields, nominal and effective yields, return on investment, internal rate of return, multiple investment yields, and standard sinking fund yields are defined and discussed. Example single investor and leveraged leases are developed to demonstrate the calculation of the various yield measures presented, and the similarity among leveraged lease yields.