Wolfram Computation Meets Knowledge

Wolfram Formula Repository (Under Development)

Interest at Maturity Security

Interest at maturity securities are interest-bearing securities that pay the face amount plus a coupon on the maturity date.

Price at settlement increases with the issue rate and decreases as the bond equivalent yield increases. As years from settlement to maturity increase, the price at settle decreases. Years from issue to maturity increase also affect the price.

Formula

QuantityVariable[Subscript["P", "S"], "Unitless"] == -100*QuantityVariable[Subscript["t", "IM"], "Unitless"] + (100*(1 + QuantityVariable["R", "Unitless"]*QuantityVariable[Subscript["t", "IM"], "Unitless"]))/(1 + QuantityVariable["Y", "Unitless"]*QuantityVariable[Subscript["t", "SM"], "Unitless"])

symbol description physical quantity
PS price at settlement "Unitless"
tIM years from issue to maturity "Unitless"
R issue rate "Unitless"
Y bond equivalent yield "Unitless"
tSM years from settlement to maturity "Unitless"

Forms

Examples

Get the resource:

In[1]:=
ResourceObject["Interest at Maturity Security"]
Out[1]=

Get the formula:

In[2]:=
FormulaData[ResourceObject["Interest at Maturity Security"]]
Out[2]=

Use some values:

In[3]:=
FormulaData[ ResourceObject["Interest at Maturity Security"], {QuantityVariable[ \!\(\*SubscriptBox[\("P"\), \("S"\)]\),"Unitless"] -> None, QuantityVariable["Y","Unitless"] -> None}]
Out[3]=

Publisher Information