public static double Disc(
	DateTime settlement,
	DateTime maturity,
	double price,
	double redemption,
	DayCountBasis basis
)

Public Shared Function Disc ( 
	settlement As DateTime,
	maturity As DateTime,
	price As Double,
	redemption As Double,
	basis As DayCountBasis
) As Double

public:
static double Disc(
	DateTime settlement, 
	DateTime maturity, 
	double price, 
	double redemption, 
	DayCountBasis^ basis
)

static member Disc : 
        settlement : DateTime * 
        maturity : DateTime * 
        price : float * 
        redemption : float * 
        basis : DayCountBasis -> float 

Parameters

settlement

Type: SystemDateTime
The DateTime settlement date of the security.

maturity

Type: SystemDateTime
The DateTime maturity date of the security.

price

Type: SystemDouble
A double which specifies the security's price per $100 face value.

redemption

Type: SystemDouble
A double which the security's redemption value per $100 face value.

basis

Type: Imsl.FinanceDayCountBasis
A DayCountBasis object which contains the type of day count basis to use.

Return Value

The discount rate is the interest rate implied when a security is sold for less than its value at maturity in lieu of interest payments. It is computed using the following:

Reference

Other Resources