cdyield
Yield on certificate of deposit (CD)
Description
computes the yield to maturity of a certificate of deposit given its clean
price.Yield
= cdyield(Price
,CouponRate
,Settle
,Maturity
,IssueDate
)
cdyield
assumes that the certificates of deposit pay
interest at maturity. Because of the simple interest treatment of these
securities, this function is best used for short-term maturities (less than 1
year). The default simple interest calculation uses the
Basis
for the actual/360 convention
(2
).
Examples
Input Arguments
Output Arguments
Version History
Introduced before R2006aSee Also
bndprice
| cdai
| cdprice
| stepcpnprice
(Financial Instruments Toolbox) | tbillprice
| datetime