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usmb_py_ai

usmb_py_ai (routine)

Calculate bond dollar price, yield to maturity and accrued interest for US municipal bonds

Introduced in release: 1.0
Component: US Bonds
Purpose: Calculates either dollar price or yield to maturity and accrued interest for a US municipal bond (a regular bond, odd first coupon bond, odd last coupon bond, and odd first and last coupon bond).

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.
Last Mod Date: 03/31/1995© 2001 TIPS, Inc.Doc Version: 5.0