Hi everyone,
I’m looking for the formula to convert a given HPY to its EAR, assuming weekly compounding. Would someone be able to assist? Thanks!
Im guessing (1 + HPY) ^ 365/7 … You compound weekly and there are 7 days per week! Correct me if im wrong… first time posting on this site 
The above is incorrect, say you have an annual yield the formula would be (1+m/52)^52-1
m=number of compounding periods
*there are 52 weeks in a year thefore there are 52 compounding periods
Hope this helps/I am not incorrect/I interpreted your question properly
HPY is for how much period? If it is for 1 week then [(1+hpy)^52 - 1] will make it annualized with weekly compounding.