Calculate bond dollar price, yield to maturity, and accrued interest
Introduced in release: 1.0 Component: Restricted Purpose:
Calculates either the dollar price or yield to maturity and the accrued interest for a 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.
This routine only works with security_type 1, or 3 through 8. It does not work with any foreign security types.
Results:
All results are calculated using the industry standard or generally accepted practices selected by the parameter security_type. 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. To round or truncate the result to industry standards see the routine rslt_fix_plc. 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.
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