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mtrm_pbt_l1p

mtrm_pbt_l1p (routine)

Calculate medium term note before tax dollar price with 1 or less period to redemption

Introduced in release: 1.0
Component: US Bonds
Purpose: Calculates the tax affected dollar price for a medium term note (a regular bond, odd first coupon bond, odd last coupon bond, and odd first and last coupon bond) with less than or equal to 1 period remaining to maturity.

Alternatives: This routine requires inputs normally provided by other interim routines. The mtrm_py_tax routine uses a coupon rate and relevant dates in computing a tax affected price. mtrm_py_tax is also more inclusive in that it internally determines the number of remaining periods to maturity and selects the appropriate pricing algorithm (less than or equal to one period or greater than one period).

Results: All results are calculated using the industry standard rules or generally accepted practices. The function returns the calculated dollar price to redemption, 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: 02/04/1993© 2001 TIPS, Inc.Doc Version: 5.0