WebCab Bonds for COM v2.01

FixedInterestBonds.SimpleYieldToMaturity Method 

Returns the simple yield to maturity of a fixed-interest bond.

public double SimpleYieldToMaturity(
   double price,
   double coupon,
   DateTime evaluationDate,
   DateTime redemptionDate,
   string businessCalendarName
);

Parameters

price
The current market price of the bond (this may including accrued interest.
coupon
The annual coupon payable in half yearly installments.
evaluationDate
The date when the simple yield to maturity is evaluated.
redemptionDate
The redemption date of the bond.
businessCalendarName
The name of one of the implemented business calendars, "London" by default.

Return Value

The simple yield to maturity in decimal format (i.e. 0.01 = 1 percent).

Remarks

Remark Within Japanese bond markets the concept of simple interest is used when calculating the yield to maturity rather than the usual compound interest method (i.e. redemption yield).

See Also

FixedInterestBonds Class | WebCab.COM.Finance.Bonds Namespace