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mtg_alp_gpm

mtg_alp_gpm (routine)

Calculate graduated payment mortgage price - (prepaid) average life method

Introduced in release: 1.0
Component: US MBS
Purpose: Calculates dollar price for a graduated payment mortgage backed security. Specifically it will perform price calculations for mortgage backed securities where the mortgage payments are graduated.

Results: The function returns the calculated value of price, 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: 03/01/1990© 2001 TIPS, Inc.Doc Version: 5.0