acrubond (Financial Toolbox)

Accrued interest of security with periodic interest payments

Syntax

AccruInterest = acrubond(IssueDate, Settle, FirstCouponDate, Face, 
CouponRate, Period, Basis)

Arguments

IssueDate
Enter as serial date number or date string.

Settle
Enter as serial date number or date string.

FirstCouponDate
Enter as serial date number or date string.

Face
Redemption (par, face) value.

CouponRate
Enter as decimal fraction.

Period
(Optional) Coupons per year. An integer. Default = 2.

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

`IssueDate`	Enter as serial date number or date string.
`Settle`	Enter as serial date number or date string.
`FirstCouponDate`	Enter as serial date number or date string.
`Face`	Redemption (par, face) value.
`CouponRate`	Enter as decimal fraction.
`Period`	(Optional) Coupons per year. An integer. Default = 2.
`Basis`	(Optional) Day-count basis: 0 = actual/actual (default), 1 = 30/360, 2 = actual/360, 3 = actual/365.

Description

AccruInterest = acrubond(IssueDate, Settle, FirstCouponDate, Face, CouponRate, Period, Basis) returns the accrued interest for a security with periodic interest payments. This function computes the accrued interest for securities with standard, short, and long first coupon periods.

Note cfamounts or accrfrac is recommended when calculating accrued interest beyond the first period.

Examples

AccruInterest = acrubond('31-jan-1983',  '1-mar-1993', ...
                '31-jul-1983',  100,  0.1,  2,  0)

AccruInterest =
                0.8011

See Also

accrfrac, acrudisc, bndprice, bndyield, cfamounts, datenum

accrfrac acrudisc