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stpd_tey

stpd_tey (routine)

Calculate taxable equivalent yield for a one step coupon bond

Introduced in release: 1.0
Component: US Bonds
Purpose: Calculate taxable equivalent yield for a one step coupon bond. Specifically it adjusts the cash flows by the appropriate tax rates and recalculates the yield.

Notes: This routine only works with security_type 1, or 3 through 8. It does not work with any foreign security types.

The maturity date used by this routine can be a maturity/redemption date.

Results: The result is returned as the value of the function 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.
Last Mod Date: 09/19/1991© 2001 TIPS, Inc.Doc Version: 5.0