prmat (Financial Toolbox)

Price with interest at maturity.

Syntax

[p, ai] = prmat(sd, md, id, rv, cpn, yld, basis)
[p, ai] = prmat(sd, md, id, rv, cpn, yld)

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.

id: Issue date. Enter as serial date number or date string.

rv: Redemption (par, face) value.

cpn: Coupon rate. Enter as decimal fraction.

yld: Yield. Enter as decimal fraction.

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

Description

[p, ai] = prmat(sd, md, id, rv, cpn, yld, basis)

returns the price p and accrued interest ai of a security that pays interest at maturity. This function also applies to zero-coupon bonds or pure discount securities by setting cpn = 0.

Example

Using this data:

sd = '02/07/1992';
md = '04/13/1992';
id = '10/11/1991';
rv = 100;
cpn = 0.0608;
yld = 0.0608;
basis = 1;

[p, ai] = prmat(sd, md, id, rv, cpn, yld, basis)

returns

p =
    99.9784
ai =
    1.9591