DISCOUNT() - Bond discount

Discount rate for a security.

Returns

Double value if successful. If an error occurs, this function returns a zero.

Arguments

Type	Field	Description
long	lSettle	Settlement date
long	lMature	Maturing date
double	dPar	Par value
double	dPrice	Price
integer	sBasis	Valid codes: 0 30/360 days 1 Actual/Actual days 2 Actual/360 days 3 Actual/365 days

16-bit DLL declarations

PowerBuilder Function declaration

function double DISCOUNT(long lSettle, long lMature, double dPar, double dPrice, integer sBasis) library "IFL16.DLL"

Visual Basic Function declaration

Declare Function DISCOUNT lib "IFL16" (ByVal lSettle As Long, ByVal lMature As Long, dPar As Double, dPrice As Double, sBasis As Integer) As Double

C/C++ Synopsis

#include "function.h"

double DISCOUNT(long lSettle, long lMature, double dPar, double dPrice, integer sBasis )

32-bit DLL declarations

PowerBuilder Function declaration

function double DISCOUNT(long lSettle, long lMature, double dPar, double dPrice, integer sBasis) library "IFL32.DLL"

Visual Basic Function declaration

Declare Function DISCOUNT lib "IFL32" (ByVal lSettle As Long, ByVal lMature As Long, dPar As Double, dPrice As Double, sBasis As Integer) As Double

C/C++ Synopsis

#include "function.h"

double DISCOUNT(long lSettle, long lMature, double dPar, double dPrice, short sBasis )

Example:

lSettle	=	33055
lMature	=	33150
dPar	=	100
dPrice	=	97.975
sBasis	=	2

Result: 0.076736842 (7.6736842%)