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usmb_tey

usmb_tey (routine)

Calculates taxable equivalent yield for a US municipal bond

Introduced in release: 1.0
Component: US Bonds
Purpose: Calculates a taxable equivalent yield for a US municipal bond by reducing each cash flow according to the appropriate tax rate, and then recalculating the yield from the adjusted cash flows.

Results: All results are 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: 03/30/1993© 2001 TIPS, Inc.Doc Version: 5.0