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usmb_py_tax

usmb_py_tax (routine)

Calculate US Municipal bond before or after tax dollar price or yield to maturity

Introduced in release: 1.0
Component: US Bonds
Purpose: Calculates either before tax dollar price or after tax yield to maturity for a US Municipal bond.

Alternatives: This routine calculates an after tax yield. To calculate a taxable equivalent yield use usmb_tey.

Results: All results are calculated using the industry standard rules or generally accepted practices. The variable calculated contains the calculated tax affected dollar price or yield 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.

Last Mod Date: 04/25/1994© 2001 TIPS, Inc.Doc Version: 5.0