Calculate dollar price, yield to maturity, and accrued interest for a US corporate one step coupon bond
Introduced in release: 1.2 Component: US Bonds Purpose:
Calculates either dollar price or yield to maturity and accrued interest for a US corporate stepped coupon periodic interest payment security. Specifically it will calculate price/yield and accrued interest for all corporate periodic payment securities that pay the same dollar amount of interest each period until a conversion date and then a new dollar amount of interest each period until maturity (1 step).
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. To round or truncate the result to industry standards see the routine rslt_fix_plc. 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.
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