WebCab Bonds for COM v2.01

FixedInterestBonds.SimpleYieldToMaturityWithExplicitTime Method 

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

public double SimpleYieldToMaturityWithExplicitTime(
   double price,
   double coupon,
   double redemption
);

Parameters

price
The current market price of the bond (this may including accrued interest.
coupon
The annual coupon payable in half yearly installments.
redemption
The time in years expressed in decimal format until the redemption of the bond.

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