November 2011
Beginner
335 pages
9h 33m
English
Australia factors yield curves based on half years. The basic formula is:

Near maturity (purchaser final coupon and principal).

Between record date and final coupon.

P = Price per $100 rounded three decimal places,
v = 1/1 + i,
f = number of days from settlement to next interest payment,
d = number of days in the half year ending on next interest payment date,
g = half yearly rate of coupon payment per $100 face value, ...
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