Financial Toolbox

yldmat

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)

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