I experimented a bit and found this to work. Not sure if it will be stored in an editable column, but in my case the column is not editable.
<% Html.Telerik().Grid<SomeClass>() .Name("SomeGrid") .Columns(columns => { columns.Bound(o => o.ReportingPeriodShortDescription); columns.Bound(o => o.Closed) .ClientTemplate("<#=Closed ? 'Yes' : 'No' #>") .Title("Closed") .Width("4em"); }) .Footer(false) .Render(); %>
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