| pricingCommercialPaper {bondAnalyst} | R Documentation |
Calculates Price of Commercial Paper.
Description
Calculates Price of Commercial Paper.
Usage
pricingCommercialPaper(
maturityVal,
daysToMaturity,
daysInYear,
mmQuotedDiscRate
)
Arguments
maturityVal |
A number. |
daysToMaturity |
A number. |
daysInYear |
A number. |
mmQuotedDiscRate |
A number. |
Details
According to information provided by Adams and Smith (2019), the method pricingCommercialPaper() is developed to calculate the price of Commercial Paper for the values passed to its four arguments. Here, maturityVal is maturity value of the Commercial Paper, daysToMaturity is number of days till the maturity, daysInYear is taken to be 360, and mmQuotedDiscRate is money market quoted Discount Rate. For example, an output value of 98.56 means that the price of the commercial paper is 98.56 dollars per 100 dollars of face value.
Value
Input values to four arguments maturityVal, daysToMaturity , daysInYear and mmQuotedDiscRate.
Author(s)
MaheshP Kumar, maheshparamjitkumar@gmail.com
References
Adams,J.F. & Smith,D.J.(2019). Introduction to fixed-income valuation. In CFA Program Curriculum 2020 Level I Volumes 1-6. (Vol. 5, pp. 107-151). Wiley Professional Development (P&T). ISBN 9781119593577, https://bookshelf.vitalsource.com/books/9781119593577
Examples
pricingCommercialPaper(maturityVal=100,daysToMaturity=90,daysInYear=360,mmQuotedDiscRate=0.0576)