YIELDMAT

YIELDMAT yield of a security

Synopsis

YIELDMAT(settlement,maturity,issue,rate,price,basis)

Arguments

settlement: settlement date

maturity: maturity date

issue: date of issue

rate: nominal annual interest rate

price: price of security

basis: calendar basis

Description

YIELDMAT calculates the yield of a security for which the interest is paid at maturity date.

Note

If basis is 0, then the US 30/360 method is used. If basis is 1, then actual number of days is used. If basis is 2, then actual number of days is used within a month, but years are considered only 360 days. If basis is 3, then actual number of days is used within a month, but years are always considered 365 days. If basis is 4, then the European 30/360 method is used.

See also

YIELDDISC, YIELD.