Calculate accrued interest for a bond with multiple coupon steps
Introduced in release: 1.2 Component: US Bonds Purpose:
Calculates the accrued interest for a bond with multiple coupon steps. Specifically it will perform accrued interest calculations for a bond whose coupon rate may change on coupon payment dates.
Alternatives:
If price and/or yield are required in addition to accrued interest, use the N_stpd_py_ol routine instead of this routine. If price and/or yield, current yield, estimated Macaulay duration, estimated convexity, interest on interest, etc. are required in addition to accrued interest, use the N_stpd_risk routine.
Notes:
The maturity date used by this routine can be a maturity/redemption date.
Results:
All results are calculated using the industry standard rules or generally accepted practices. The function returns the accrued interest per 100 of maturity value, accurate to as many places as supported by a double precision value.
Error Conditions:
Returned values should be ignored for a non-zero status. See Errors.
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