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| Bond Calculation | |
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Calculation Formulas |
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| A | B | Redemption date (d2) | |
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Issue date |
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| Purchase date (d1) | Coupon Payment dates | |||||
PRC | : price per $100 of face value | ||||||
CPN | : | coupon rate (%) |
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YLD | : | annual yield (%) |
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A | : | accrued days |
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M | : number of coupon payments per year (1 = Annual, 2 = | ||||||
N | : number of coupon payments until maturity | ||||||
RDV |
| (n is used when “Term” is specified for [Bond Interval] in the [Format] tab.) | |||||
: redemption price per $100 of face value | |||||||
D | : number of days in coupon period where settlement occurs | ||||||
B | : number of days from purchase date until next coupon payment date = D – A | ||||||
INT | : | accrued interest |
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CST | : | price including interest |
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uPrice per $100 of face value (PRC)
Bond Interval Setting: Date
•For one or fewer coupon period to redemption
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| RDV + | CPN |
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PRC = – | M |
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| ⋅ CPN ) |
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| YLD/100 |
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| 1+ ( | ⋅ | ) |
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• For more than one coupon period to redemption |
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PRC = – |
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| RDV |
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| – Σ | CPN | + | A ⋅ CPN | ||||||||
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| N |
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| (1+ | YLD/100 ) | ) | k=1 | (1+ YLD/100 | ) |
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INT = – |
| A | ⋅ CPN |
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| D | M |
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CST = PRC + INT
20060301