price

Price per $100 face value of a coupon-paying bond.

Syntax

v = price(settlement, maturity, rate, yld, redemption, frequency, basis)

Description

Returns the price of a bond paying periodic interest. rate is the annual coupon rate; yld the annual market yield.

Example

price('2008-02-15', '2017-11-15', 0.0575, 0.0650, 100, 2)

See also

• pricedisc — Price per $100 face value of a discounted security.
• pricemat — Price per $100 of a security paying interest at maturity.
• yield — Yield of a coupon-paying bond given its price.