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yldmat

Yield with interest at maturity

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 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 of the instrument. A vector of integers. 0 = actual/actual (default)1 = 30/360 (SIA)2 = actual/3603 = actual/3654 = 30/360 (BMA)5 = 30/360 (ISDA)6 = 30/360 (European)7 = actual/365 (Japanese)8 = actual/actual (ICMA)9 = actual/360 (ICMA)10 = actual/365 (ICMA)11 = 30/360E (ICMA) 12 = actual/actual (ISDA)13 = BUS/252For more information, see basis.

Description

Yield = yldmat(Settle, Maturity, Issue, Face, Price, CouponRate, Basis) returns the yield of a security paying interest at maturity.

Examples

expand all

Find the Yield of a Security Paying Interest at Maturity

This example shows how to find the yield of a security paying interest at maturity for the following.

```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

```

References

Mayle, Standard Securities Calculation Methods, Volumes I-II, 3rd edition. Formula 3.