Bond.Intrate Method

BondIntrate Method

Returns the interest rate of a fully invested security.

Namespace: Imsl.Finance
Assembly: ImslCS (in ImslCS.dll) Version: 6.5.2.0

Syntax

public static double Intrate(
	DateTime settlement,
	DateTime maturity,
	double investment,
	double redemption,
	DayCountBasis basis
)

Public Shared Function Intrate ( 
	settlement As DateTime,
	maturity As DateTime,
	investment As Double,
	redemption As Double,
	basis As DayCountBasis
) As Double

public:
static double Intrate(
	DateTime settlement, 
	DateTime maturity, 
	double investment, 
	double redemption, 
	DayCountBasis^ basis
)

static member Intrate : 
        settlement : DateTime * 
        maturity : DateTime * 
        investment : 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.
investment: Type: SystemDouble
A double which specifies the amount invested.
redemption: Type: SystemDouble
A double which specifies the amount to be received at maturity.
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 interest rate for a fully invested security.

Remarks

It is computed using the following:

${{{\it redemption} - {\it investment}} \over {\it investment}} \times {{B \over {\it DSM}}}$

In the equation above,

represents the number of days in a year based on the annual basis, and ${\it DSM}$ represents the number of days in the period starting with the settlement date and ending with the maturity date.

Reference

Bond Class

Imsl.Finance Namespace

Other Resources

Example