I have to compute payments for bonds based on
- Coupon,
- Dollar Amount Held,
- Length of payment period.
Sounded reasonable at first but then:
- What about buys/sells during the period where
the dollar amount held changes multiple times?
- What about bonds whose coupon changes multiple
times during the period?
And so-on-and-so-forth...
Bottom Line:
---------------------------------------------------------------
- This sounds like a bread-and-butter calculation that's been
analyzed and refined to the Nth degree many times by many
people, most of them with significantly more IQ points than
Yours Truly.
- Does anybody know where to find the inner workings of such
a calculation?
- I'm Googling as I write this, but the number of hits is
kind of intimidating....
- Even knowing what it's technical name is would be a big help.
--
PeteCresswell