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# prmat

Price with interest at maturity

## Syntax

```[Price, AccruInterest] = prmat(Settle, Maturity, Issue, Face,CouponRate, Yield, Basis)
```

## Arguments

 Settle Enter as serial date number or date string. Settle must be earlier than Maturity. Maturity Enter as serial date number or date string. Issue Enter as serial date number or date string. Face Redemption (par, face) value. CouponRate Enter as decimal fraction. Yield Annual yield. Enter as decimal fraction. Basis (Optional) Day-count basis of the instrument. A vector of integers. 0 = actual/actual (default)1 = 30/360 (SIA)2 = actual/3603 = actual/3654 = 30/360 (BMA)5 = 30/360 (ISDA)6 = 30/360 (European)7 = actual/365 (Japanese)8 = actual/actual (ICMA)9 = actual/360 (ICMA)10 = actual/365 (ICMA)11 = 30/360E (ICMA) 12 = actual/actual (ISDA)13 = BUS/252For more information, see basis.

## Description

[Price, AccruInterest] = prmat(Settle, Maturity, Issue, Face, CouponRate, Yield, Basis) returns the price and accrued interest of a security that pays interest at maturity. This function also applies to zero-coupon bonds or pure discount securities by setting CouponRate = 0.

## Examples

expand all

### Compute the Price and Accrued Interest of a Security That Pays Interest at Maturity

This example shows how to compute the price and accrued interest of a security that pays interest at maturity.

```Settle = '02/07/2002';
Maturity = '04/13/2002';
Issue = '10/11/2001';
Face = 100;
CouponRate = 0.0608;
Yield = 0.0608;
Basis = 1;

[Price, AccruInterest] = prmat(Settle, Maturity, Issue, Face,...
CouponRate, Yield, Basis)
```
```Price =

99.9784

AccruInterest =

1.9591

```

## References

Mayle, Standard Securities Calculation Methods, Volumes I-II, 3rd edition. Formula 4.

## See Also

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