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debt_tic

debt_tic (routine)

Calculates the true interest cost (discount rate where the sum of the present value of the cash flows = the bond proceeds)

Introduced in release: 1.0
Component: AIMR/Port/Cash flows
Purpose: Calculates the true interest cost on a debt structure.

Results: The true interest cost to the dated date and optionally to the delivery date (if supplied) is returned as a percent, 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: 03/01/1990© 2001 TIPS, Inc.Doc Version: 5.0