Cryptocurrency Q&A
What is the difference between APY and dividend rate?
What is the difference between APY and dividend rate?
Chiara
Wed Nov 20 2024
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7 answers
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I want to understand the distinction between APY and dividend rate. How do they differ in terms of their definition, calculation, and application in the financial world?
7 answers
EclipseRider
Fri Nov 22 2024
APY stands for Annual Percentage Yield.
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KatanaSharpened
Fri Nov 22 2024
It is a metric used to represent the expected earnings on an account balance.
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DigitalDragon
Thu Nov 21 2024
This rate is used to calculate the daily and monthly earnings for a savings account.
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noah_stokes_photographer
Thu Nov 21 2024
The APY takes into account both the interest rate and the compounding frequency.
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Eleonora
Thu Nov 21 2024
It is expressed as a percentage of the account balance.
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