IFinance.Price

Fore Syntax

Price(Settlement: DateTime;

Maturity: DateTime;

Rate: Double;

YieldP: Double;

Redemption: Double;

Frequency: Integer;

Basis: Integer): Double;

Fore.NET Syntax

Price(Settlement: System.DateTime;

Maturity: System.DateTime;

Rate: double;

YieldP: double;

Redemption: double;

Frequency: integer;

Basis: integer): double;

Parameters

Parameters	Description	Constraints
Settlement	Securities settlement date.	Must be less than Maturity.
Maturity	Securities maturity date.	Must be greater than Settlement.
Rate	Annual interest rate for securities coupons.	Cannot be negative.
YieldP	Securities annual profit.	Cannot be negative.
Redemption	Redemption price for $100 of face value.	Must be positive.
Frequency	The number of payments for coupons in a year: 1 - For annual payments. 2 - For semi-annual payments. 4 - For quarterly payments.	Must take the values 1, 2 or 4.
Basis	The employed method of day calculation: 0 - American/360 days (NSAD method). 1 - Factual/factual. 2 - Factual/360days. 3 - Factual/365 days. 4 - European 30/360 days.	Must be in the [0,4] interval.

Description

The Price method returns the price for $100 of securities face value, for which periodic interest is paid.

Comments

To get yield of securities, by which regular interest payments are executed, use the IFinance.YieldF method.

Fore Example

To execute the example, add a link to the MathFin system assembly.

Sub UserProc;
Var
    r: Double;
Begin
    r := Finance.Price(DateTime.ComposeDay(2007,01,01), DateTime.ComposeDay(2007,10,01), 0.05, 0.35, 1510, 1, 0);
    Debug.WriteLine(r);
End Sub UserProc;

After executing the example the console window displays a price for 100$ of securities face value equal to 1198.75.

Fore.NET Example

The requirements and result of the Fore.NET example execution match with those in the Fore example.

Imports Prognoz.Platform.Interop.MathFin;
…
Public Shared Sub Main(Params: StartParams);
Var
    r: double;
    Finance: FinanceClass = New FinanceClass();
    DateTime1, DateTime2: System.DateTime;
Begin
    DateTime1 := New DateTime(2007,01,01);
    DateTime2 := New DateTime(2007,10,01);
    r := Finance.Price(DateTime1, DateTime2, 0.05, 0.35, 1510, 1, 0);
    System.Diagnostics.Debug.WriteLine(r);
End Sub;