Calculate Japanese government bond accrued interest
Introduced in release: 1.0 Component: Non-US (developed mkts) Purpose:
Calculates the accrued interest for a Japanese government regular bond, odd first coupon bond, odd last coupon bond, and odd first and last coupon bond. Specifically it will perform accrued interest calculations for JGBs. It also returns adjusted first coupon values to be passed to other routines.
Alternatives:
If price and/or yield are required in addition to accrued interest, use the jpgb_py_ai routine instead of this routine. If price and/or yield, current yield, estimated Macaulay duration, estimated convexity, interest on interest, etc. are required in addition to accrued interest, use the jpgb_risk routine.
Results:
All results are calculated using the industry standard rules or generally accepted practices. The function returns 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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