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argb_py_ai

argb_py_ai (routine)

Calculate bond dollar price, yield to maturity, and accrued interest for Argentine government securities

Introduced in release: 1.0
Component: Non-US (emerging mkts)
Purpose: Calculates either the dollar price or yield to maturity and the accrued interest for an Argentine government regular bond or odd first coupon bond.

Notes: This routine internally determines the number of remaining periods to maturity/redemption and selects the appropriate formula (less than or equal to one period or greater than one period) to use for price/yield calculations.

Results: All results are calculated using the industry standard or generally accepted practices. The variable calculated contains the calculated dollar price to redemption per 100 of maturity value or yield to redemption as a percent, both accurate to as many places as supported by a double precision value. The variable ai contains 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.

Last Mod Date: 03/15/1993© 2001 TIPS, Inc.Doc Version: 5.0