Financial Toolbox

prmat

Syntax

[Price, AccruInterest] = prmat(Settle, Maturity, Issue, Face, 
CouponRate, Yield, Basis)

Arguments

Settle	Enter as serial date number or date string. Settle must be earlier than or equal to Maturity.
Maturity	Enter as serial date number or date string.
Issue	Enter as serial date number or date string.
Face	Redemption (par, face) value.
CouponRate	Enter as decimal fraction.
Yield	Annual yield. Enter as decimal fraction.
Basis	(Optional) Day-count basis: 0 = actual/actual (default), 1 = 30/360, 2 = actual/360, 3 = actual/365.

Description
[Price, AccruInterest] = prmat(Settle, Maturity, Issue, Face, CouponRate, Yield, Basis) returns the price and accrued interest of a security that pays interest at maturity. This function also applies to zero-coupon bonds or pure discount securities by setting CouponRate = 0.

Examples
Using this data

Settle = '02/07/2002';
Maturity = '04/13/2002';
Issue = '10/11/2001';
Face = 100;
CouponRate = 0.0608;
Yield = 0.0608;
Basis = 1;

[Price, AccruInterest] = prmat(Settle, Maturity, Issue, Face,... 
CouponRate, Yield, Basis)

Price =
   99.9784
AccruInterest =

    1.9591

See Also
acrubond, acrudisc, bndprice, prdisc, yldmat

References
Mayle, Standard Securities Calculation Methods, Volumes I-II, 3rd edition. Formula 4.

prdisc

prtbill