Calculate bond dollar price, yield to maturity and AI for Italian gov't bonds considering withholding tax ('97 rules)
Introduced in release: 1.3 Component: Non-US (developed mkts) Purpose:
Calculates either dollar price or yield to maturity and accrued interest for Italian government regular bond or odd first coupon bond and optionally considers withholding taxes following 1997 rules. Specifically it performs calculations on BTPs, CTOs, CCTs, and CTEs.
Alternatives:
The results of this routine consider withholding taxes following rules in effect for 1997 and beyond. For tax affected results before 1997 use itgb_py_tax.
Results:
All results are calculated using the industry standard rules or generally accepted practices, accurate to as many places as supported by a double precision value. The variable calculated contains the calculated dollar price or yield to redemption. The variable ai contains the accrued interest per 100 of maturity value.
Error Conditions:
Returned values should be ignored for a non-zero status. See Errors.
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