Calculate one step odd last coupon bond price to maturity
Introduced in release: 1.0 Component: US Bonds Purpose:
Calculates the dollar price for a stepped coupon periodic interest payment security with more than 1 period remaining to maturity which may be an odd last coupon period. Should be used for bonds with 1 step only.
Alternatives:
This routine requires inputs normally provided by other interim routines. The stpd_py_ol routine uses a coupon rate and relevant dates in determining the number of remaining periods to maturity for computing a price.
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.
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