{"name":"solveYield","title":"Computing bond yields","pagetitle":"Computing bond yields — solveYield","aliases":"solveYield","author":"\nArto Luoma <arto.luoma@wippies.com>\n","keywords":[],"description":"

This function computes the yield to maturity, given the (flat) bond price.

","usage":"solveYield(buyDate, matDate, rateCoupon, bondPr, nPay)","arguments":[{"name":"buyDate","description":"

settlement date (the date when the bond is bought)

"},{"name":"matDate","description":"

maturity date

"},{"name":"rateCoupon","description":"

annual coupon rate

"},{"name":"bondPr","description":"

bond price. The flat price without accrued interest.

"},{"name":"nPay","description":"

number of payments per year

"}],"has_args":true,"examples":"# NOT RUN {\nsolveYield(\"2012-7-31\",\"2018-7-31\",0.0225,100,2)\n# }\n","sections":[],"details":"

all the rates are given in decimals

","value":"

A list with the following components:

yieldToMaturity

yield to maturity

flatPrice

flat price

daysSinceLastCoupon

days since previous coupon payment

daysInCouponPeriod

days in a coupon period

accruedInterest

accrued interest since last coupon payment

invoicePrice

invoice price (= flat price + accrued interest)

\n","references":"

Bodie, Kane, and Marcus (2014) Investments, 10th Global Edition, McGraw-Hill Education, (see Bond Pricing between Coupon Dates in Section 14.2).

","note":"

With Excel function YIELD you can do the same.

","seealso":"

bondPrice

","package":{"package":"RcmdrPlugin.RiskDemo","version":"1.9"}}

Description

Usage

Arguments

Value

Details

References

See Also

Examples