Returns the price of a discount bond given the yield.
Namespace: Imsl.FinanceAssembly: ImslCS (in ImslCS.dll) Version: 6.5.2.0
Syntaxpublic static double Priceyield(
DateTime settlement,
DateTime maturity,
double yield,
double redemption,
DayCountBasis basis
)
Public Shared Function Priceyield (
settlement As DateTime,
maturity As DateTime,
yield As Double,
redemption As Double,
basis As DayCountBasis
) As Double
public:
static double Priceyield(
DateTime settlement,
DateTime maturity,
double yield,
double redemption,
DayCountBasis^ basis
)
static member Priceyield :
settlement : DateTime *
maturity : DateTime *
yield : 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.
- yield
- Type: SystemDouble
A double which specifies the security's yield.
- redemption
- Type: SystemDouble
A double which specifies 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
Type:
Double
A
double which specifies the price per $100 face value of a
discounted security.
Remarks
It is computed using the following:
In the equation above,

represents the
number of days starting at the settlement date and ending with the
maturity date.

represents the number of days
in a year based on the annual basis.
See Also