Returns the price of a discount bond given the discount rate.
Namespace:
Imsl.FinanceAssembly: ImslCS (in ImslCS.dll) Version: 6.5.0.0
Syntax
C# |
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public static double Pricedisc( DateTime settlement, DateTime maturity, double rate, double redemption, DayCountBasis basis ) |
Visual Basic (Declaration) |
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Public Shared Function Pricedisc ( _ settlement As DateTime, _ maturity As DateTime, _ rate As Double, _ redemption As Double, _ basis As DayCountBasis _ ) As Double |
Visual C++ |
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public: static double Pricedisc( DateTime settlement, DateTime maturity, double rate, double redemption, DayCountBasis^ basis ) |
Parameters
- settlement
- Type: System..::.DateTime
The DateTime settlement date of the security.
- maturity
- Type: System..::.DateTime
The DateTime maturity date of the security.
- rate
- Type: System..::.Double
A double which specifies the security's discount rate.
- redemption
- Type: System..::.Double
A double which specifies the security's redemption value per $100 face value.
- basis
- Type: Imsl.Finance..::.DayCountBasis
A DayCountBasis object which contains the type of day count basis to use.
Return Value
A double which specifies the price per $100 face value of a discounted security.Remarks
It is computed using the following:
In the equation above, represents the number of days starting at the settlement date and ending with the maturity date. represents the number of days in a year based on the annual basis.