Calculate yield for a odd 1st, 2nd, last period bond - in 1st period
Introduced in release: 1.2 Component: Non-US (emerging mkts) Purpose:
Calculates the yield for a periodic payment security with an optional odd 1st, second, and/or last period (odd 1st/2nd/last coupon bond) with the settlement date in the odd first period.
Alternatives:
This routine requires inputs normally provided by other interim routines. The ofsl_py_ai routine uses a coupon rate and relevant dates in computing a yield. ofsl_py_ai is also more inclusive in that it internally determines the number of remaining periods to maturity and selects the appropriate pricing algorithm.
Results:
All results are calculated using the industry standard rules or generally accepted practices. The function returns the calculated yield 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.
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