Accrued interest of discount security paying at maturity.

Syntax

ai = acrudisc(sd, md, rv, disc, per, basis)

Arguments

sd

Settlement date. Enter as serial date number or date string. sd must be earlier than or equal to md.

md

Maturity date. Enter as serial date number or date string.

rv

Redemption (par, face) value.

disc

Discount rate of the security. Enter as decimal fraction.

per

Coupons per year. An integer. Default = 2.

basis

Day-count basis: 0 = actual/actual (default), 1 = 30/360,
2 = actual/360, 3 = actual/365.

Description

Example

ai = acrudisc('05/01/1992',  '07/15/1992', ...
    100,  0.1,  2,  0)
ai =
    2.0604 (or $2.06)

See Also

Reference