Chapter Contents |
Previous |
Next |

PVP |

Category: |
Financial |

Syntax | |

Arguments | |

Details | |

Examples |

## Syntax |

PVP(A,c,n,K,k)
_{0},y |

*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** *y*- the nomimal per-period yield-to-maturity, expressed as a
fraction.
**Range:**> 0**y**

Details |

The PVP function is based on the relationship

where

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

Examples |

p=pvp(1000,1/100,4,14,.33/2,.10);

The value returned is 743.168.

Chapter Contents |
Previous |
Next |
Top of Page |

Copyright 1999 by SAS Institute Inc., Cary, NC, USA. All rights reserved.