Computing...

Input interpretation:

bond price between coupon payments


Equation:

P_c = (((2 + y)\/2)^(-n + DCS\/DIC) (y + i (-1 + ((2 + y)\/2)^n)) par)\/y - (par i DCS)\/(DIC 2) |  \nP_c | price\npar | face value\ni | coupon rate\ny | annual yield\nn | remaining coupons payable to maturity\nDCS | days from last coupon to settlement\nDIC | days in coupon period containing settlement


Input values:

settlement date | Wednesday, August 15, 2018\nmaturity date | Tuesday, August 15, 2023\nface value | $1000  (US dollars)


Result:

price | $884.17  (US dollars)

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