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YIELDP |

Category: |
Financial |

Syntax | |

Arguments | |

Details | |

Examples |

## Syntax |

YIELDP(A,c,n,K,k)
_{0},p |

*A*- the par value.
**Range:**> 0**A** *c*- the nominal per-period coupon rate, expressed as a fraction.
**Range:**0 < < 1**c** *n*- the number of coupons per period.
**Range:**> 0 and is an integer**n** *K*- the number of remaining coupons.
**Range:**> 0 and is an integer**K** *k*_{0}- the time from present to the first coupon date, expressed
in terms of the number of periods.
**Range:**0 < < 1/**k**_{0}**n** *p*- the present value of the periodic cashflow stream.
**Range:**> 0**p**

Details |

The YIELDP function is based on the relationship

where

for k=1, ..., K-1 | |

Examples |

p=yieldp(1000,1/100,4,14,.33/2,800);

The value returned is 0.077503.

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