Go To Documentation Main IndexMain Index
Go To TIPS, Inc.TIPS Home
isma_p_ol

isma_p_ol (routine)

ISMA bond price to maturity (cum or ex dividend)

Introduced in release: 1.0
Component: Non-US (developed mkts)
Purpose: Calculates the dollar price for a regular bond, odd first coupon bond, odd last coupon bond, and odd first and last coupon bond (cum or ex dividend) which follows the ISMA rules.

Alternatives: This routine requires inputs normally provided by other interim routines. The isma_py_ol routine uses a coupon rate and relevant dates in computing a price.

Results: All results are calculated using the industry standard rules or generally accepted practices. The function returns the calculated dollar price to redemption, 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: 05/05/1994© 2001 TIPS, Inc.Doc Version: 5.0