Financial Toolbox

yldmat

Yield with interest at maturity

Syntax

• Yield = yldmat(Settle, Maturity, Issue, Face, Price, CouponRate, 
  Basis)
  

Arguments

Settle	Settlement date. Enter as serial date number or date string. Settle must be earlier than or equal to Maturity.
Maturity	Maturity date. Enter as serial date number or date string.
Issue	Issue date. Enter as serial date number or date string.
Face	Redemption (par, face) value.
Price	Price of the security.
CouponRate	Coupon rate. Enter as decimal fraction.
Basis	(Optional) Day-count basis: 0 = actual/actual (default), 1 = 30/360, 2 = actual/360, 3 = actual/365.

Description

Yield = yldmat(Settle, Maturity, Issue, Face, Price, CouponRate, Basis) returns the yield of a security paying interest at maturity.

Examples

Using the data

• Settle = '02/07/2000';
  Maturity = '04/13/2000';
  Issue = '10/11/1999';
  Face = 100;
  Price = 99.98;
  CouponRate = 0.0608;
  Basis = 1;
  
  Yield = yldmat(Settle, Maturity, Issue, Face, Price,... 
  CouponRate, Basis)
  

returns

• Yield =
          0.0607 (or 6.07%)
  

See Also

acrubond, bndprice, bndyield, prmat, ylddisc, yldtbill

References

Mayle, Standard Securities Calculation Methods, Volumes I-II, 3rd edition. Formula 3.

ylddisc

yldtbill