Calculate accrued interest for an odd 1st, 2nd, last period bond
Introduced in release: 1.2 Component: Non-US (emerging mkts) Purpose:
Calculates the accrued interest for a periodic payment security with an optional odd 1st, second, and/or last period. Specifically it will perform accrued interest calculations for a odd 1st/2nd/last coupon bond. It also returns adjusted coupon values to be passed to other routines.
Alternatives:
If price and/or yield are required in addition to accrued interest, use the ofsl_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 ofsl_risk routine.
Notes:
The maturity date used by this routine can be a maturity/redemption date.
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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