Financial Toolbox™

prmat

Price with interest at maturity

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 of the instrument. A vector of integers. 0 = actual/actual (default) 1 = 30/360 (SIA) 2 = actual/360 3 = actual/365 4 = 30/360 (PSA) 5 = 30/360 (ISDA) 6 = 30/360 (European) 7 = actual/365 (Japanese) 8 = actual/actual (ISMA) 9 = actual/360 (ISMA) 10 = actual/365 (ISMA) 11 = 30/360E (ISMA) 12 = actual/365 (ISDA)

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)

returns

Price =

   99.9784

AccruInterest =

    1.9591

References