Calculate price/yield to call schedule for preferred securities
Introduced in release: 1.994 Component: US Bonds Purpose:
Given a price or current yield the function will calculate sec yields (yields using discounted cash flows) to maturity/call and accreted dividend for a preferred security.
It also calculates strip price, strip yield, and strip yield.
Notes:
The call schedule (rd_sched_type) can either be discrete calls or continuous calls.
Results:
All results are calculated accurate to as many places as supported by a double precision value. The variable worst_calculated contains the calculated yield to the worst of maturity or call. The worst redemption date (worst_rd_month, worst_rd_day, worst_rd_year) contains the date to which the worst_calculated was calculated. The worst_rv contains the redemption value to which the worst_calculated was calculated.
In addition to the calculation to worst, the results of the calculation to each specified call and to maturity are returned in the calc to arrays. The last element always contains the calculation to maturity.
Error Conditions:
Returned values should be ignored for a non-zero status. See Errors.
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