Thanks alot Prince. Much appreciated.
Regards,
Boreh
On 13 December 2012 11:59, Prince <prince141...@gmail.com> wrote:
> Hi Kip,
>
> Just copy this function and paste it in your workbook. The bold one last
> line i have updated into this.
>
> Function PRICE364(settlement As Date, maturity As Date, rate As Double,
> yld As Double, redemption, frequency)
>
> 'Initialize Variables
>
> Dim COUPNCD As Date
> Dim COUPPCD As Date
>
> coup = 0
> cppayleft_exact = (maturity - settlement) / (364 / frequency)
> CPPAYLEFT = WorksheetFunction.RoundUp(cppayleft_exact, 0)
>
> mosToMat = (CPPAYLEFT - 1) * (12 / frequency)
> mosToMatprev = (CPPAYLEFT) * (12 / frequency)
> COUPNCD = DateAdd("m", -1 * mosToMat, maturity)
> COUPPCD = DateAdd("m", -1 * mosToMatprev, maturity)
>
> N = CPPAYLEFT
> A = (settlement - COUPPCD)
> k = 1
> e = 364 / frequency
> DCS = e - A
>
> yfactor = 1 + (yld / frequency)
>
> prin = redemption / (yfactor ^ (N - 1 + (DCS / e)))
>
> Do Until k = N + 1
>
> num = 100 * (rate / frequency)
> den = yfactor ^ (k - 1 + (DCS / e))
> coup = coup + (num / den)
>
> k = k + 1
>
> Loop
>
> acr = 100 * (rate / frequency) * (A / e)
>
> *PRICE364 = prin + coup - acr*
>
> End Function
>
>
> Regards
> Prince
>
>
> On Thursday, December 13, 2012 12:54:42 PM UTC+5:30, kip wrote:
>
>> Hi expersts,
>> I am trying to run the attached macro to get price of a bond. Please
>> assist me get to know what i am doing wrong. Its not giving me any value,
>> did i miss a step?
>>
>> Regards,
>> Boreh
>>
>>
>> On 11 December 2012 15:00, Robinson Boreh <rbo...@gmail.com> wrote:
>>
>>> Hi Prince,
>>> Thanks for your feedback.
>>> Attached is an excel sheet with the macro and am getting zero....did i
>>> do it wrong?
>>>
>>> Thanks and regards,
>>> Boreh
>>>
>>>
>>> On 11 December 2012 14:27, Prince <prince...@gmail.com> wrote:
>>>
>>>> Hi Kip,
>>>>
>>>> I got 91.7021557489662 value in price variable and i call this
>>>> function as per the parameter provided by you ie :
>>>>
>>>> Sub test()
>>>> Call PRICE364("31-10-2012", "22/4/2013", 11.5, 10.293, 100, 2)
>>>> End Sub
>>>>
>>>> Please check may be you the way you passing the parameter in it is
>>>> wrong.
>>>>
>>>> Regards
>>>> Prince
>>>>
>>>>
>>>> On Tuesday, December 11, 2012 2:49:41 PM UTC+5:30, kip wrote:
>>>>>
>>>>> Hi,
>>>>> I have the following macro which i am trying to get the price of a
>>>>> bond but ends up giving me zero value. What could be the prblem?
>>>>>
>>>>> Function PRICE364(settlement As Date, maturity As Date, rate As
>>>>> Double, yld As Double, redemption, frequency)
>>>>>
>>>>> 'Initialize Variables
>>>>>
>>>>> Dim COUPNCD As Date
>>>>> Dim COUPPCD As Date
>>>>>
>>>>> coup = 0
>>>>> cppayleft_exact = (maturity - settlement) / (364 / frequency)
>>>>> CPPAYLEFT = WorksheetFunction.RoundUp(**cppa**yleft_exact, 0)
>>>>>
>>>>> mosToMat = (CPPAYLEFT - 1) * (12 / frequency)
>>>>> mosToMatprev = (CPPAYLEFT) * (12 / frequency)
>>>>> COUPNCD = DateAdd("m", -1 * mosToMat, maturity)
>>>>> COUPPCD = DateAdd("m", -1 * mosToMatprev, maturity)
>>>>>
>>>>> N = CPPAYLEFT
>>>>> A = (settlement - COUPPCD)
>>>>> k = 1
>>>>> e = 364 / frequency
>>>>> DCS = e - A
>>>>>
>>>>> yfactor = 1 + (yld / frequency)
>>>>>
>>>>> prin = redemption / (yfactor ^ (N - 1 + (DCS / e)))
>>>>>
>>>>> Do Until k = N + 1
>>>>>
>>>>> num = 100 * (rate / frequency)
>>>>> den = yfactor ^ (k - 1 + (DCS / e))
>>>>> coup = coup + (num / den)
>>>>>
>>>>> k = k + 1
>>>>>
>>>>> Loop
>>>>>
>>>>> acr = 100 * (rate / frequency) * (A / e)
>>>>>
>>>>> PRICE = prin + coup - acr
>>>>>
>>>>> End Function
>>>>>
>>>>> The bond details are as follows
>>>>> Settlement date 31-10-2012
>>>>> maturity date 22/4/2013
>>>>> coupon rate 11.5%
>>>>> Yield to maturity 10.293%
>>>>> Frequency 2
>>>>> Redemption is 100.
>>>>>
>>>>> The price i should be getting using actual/364 is 100.8238 but the
>>>>> above macro is giving me zero. Any ideas where the problem is?
>>>>>
>>>>> Regards,
>>>>> Boreh
>>>>>
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