Introduced in release: 1.0 Component: Non-US (developed mkts) Purpose:
Calculates the yield to maturity for a regular bond or odd first 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 yield 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.
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