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mtg_alpy

mtg_alpy (routine)

Calculate mortgage price or yield - (prepaid) average life method

Introduced in release: 1.0
Component: US MBS
Purpose: Calculates either dollar price or yield to maturity for a mortgage backed security. Specifically it will perform price/yield calculations for mortgage backed securities where the mortgage payments are level each month.

Results: The function returns the calculated value of price or yield, 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: 03/26/1990© 2001 TIPS, Inc.Doc Version: 5.0