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BondReceived Method
Returns the amount one receives when a fully invested security reaches the maturity date.

Namespace: Imsl.Finance
Assembly: ImslCS (in ImslCS.dll) Version: 6.5.2.0
Syntax
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public static double Received(
	DateTime settlement,
	DateTime maturity,
	double investment,
	double rate,
	DayCountBasis basis
)

Parameters

settlement
Type: SystemDateTime
The DateTime settlement date of the security.
maturity
Type: SystemDateTime
The DateTime maturity date of the security.
investment
Type: SystemDouble
A double which specifies the amount invested in the security.
rate
Type: SystemDouble
A double which specifies the security's rate at issue date.
basis
Type: Imsl.FinanceDayCountBasis
A DayCountBasis object which contains the type of day count basis to use.

Return Value

Type: Double
A double which specifies the amount received at maturity for a fully invested security.
Remarks

It is computed using the following:

{{\it investment} \over {1 - \left( {{\it rate} \times {{\it DIM} \over B}} \right)}}
In the equation above, B represents the number of days in a year based on the annual basis, and {\it DIM} represents the number of days in the period starting with the issue date and ending with the maturity date.

See Also