Yield with interest at maturity.

Syntax

y = yldmat(sd, md, id, rv, price, cpn, basis)
y = yldmat(sd, md, id, rv, price, cpn)

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.

price

Price of the security.

cpn

Coupon rate. Enter as decimal fraction.

basis

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

Description

Example

sd = '02/07/1992';
md = '04/13/1992';
id = '10/11/1991';
rv = 100;
price = 99.98;
cpn = 0.0608;
basis = 1;

y = yldmat(sd, md, id, rv, price, cpn, basis)

y =
    0.0607 (or 6.07%)

See Also

Reference