Calculate bond dollar price, yield to maturity and accrued interest for a multiple odd coupon bond
Introduced in release: 1.0 Component: Generic Purpose:
Calculates either dollar price or yield to maturity and accrued interest a multiple odd coupon bond. This routine requires the list of coupon dates and coupon amounts to be made on those dates for each 100 face amount.
Results:
All results are calculated using the industry standard rules or generally accepted practices, and are 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.