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)
```

*bondAnalyst*version 1.0.1 Index]