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pfca_py_ai

pfca_py_ai (routine)

Calculate dollar price, yield to maturity, and accrued interest for a capitalizing, amortizing bond

Introduced in release: 1.2
Component: Non-US (emerging mkts)
Purpose: Calculates either dollar price or yield to maturity and accrued interest for an odd 1st/2nd/last coupon bond with coupon rate changes a capitalization feature and which amortizes principal.

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, accurate to as many places as supported by a double precision value. The variable calculated contains the calculated dollar price or yield to redemption. The variable ai contains the accrued interest per 100 of maturity value.

Error Conditions: Returned values should be ignored for a non-zero status. See Errors.
Last Mod Date: 10/20/1998© 2001 TIPS, Inc.Doc Version: 5.0