Maple Professional
Maple Academic
Maple Student Edition
Maple Personal Edition
Maple Player
Maple Player for iPad
MapleSim Professional
MapleSim Academic
Maple T.A. - Testing & Assessment
Maple T.A. MAA Placement Test Suite
Möbius - Online Courseware
Machine Design / Industrial Automation
Aerospace
Vehicle Engineering
Robotics
Power Industries
System Simulation and Analysis
Model development for HIL
Plant Modeling for Control Design
Robotics/Motion Control/Mechatronics
Other Application Areas
Mathematics Education
Engineering Education
High Schools & Two-Year Colleges
Testing & Assessment
Students
Financial Modeling
Operations Research
High Performance Computing
Physics
Live Webinars
Recorded Webinars
Upcoming Events
MaplePrimes
Maplesoft Blog
Maplesoft Membership
Maple Ambassador Program
MapleCloud
Technical Whitepapers
E-Mail Newsletters
Maple Books
Math Matters
Application Center
MapleSim Model Gallery
User Case Studies
Exploring Engineering Fundamentals
Teaching Concepts with Maple
Maplesoft Welcome Center
Teacher Resource Center
Student Help Center
Finance[AccruedAmount] - calculate the accrued amount of a bond
Calling Sequence
AccruedAmount(bond, date)
Parameters
bond
-
fixed- or floating-rate bond data structure; bond
date
a string containing a date specification in a format recognized by ParseDate or a date data structure; evaluation date
Description
The AccruedAmount command computes the interest that is due on a bond since the last interest payment was made. Accrued interest is added to the contract price of a bond transaction.
The parameter bond is a fixed coupon bond or floating rate bond.
The (optional) parameter date is the evaluation date. By default the global evaluation date is used. It can be specified in any of the standard date formats supported by the package.
Note that the value returned by the AccruedAmount command depends on the day count and day rolling conventions used by bond.
Compatibility
The Finance[AccruedAmount] command was introduced in Maple 15.
For more information on Maple 15 changes, see Updates in Maple 15.
Examples
Consider a 3-year bond with face value of 100 that pays a fixed coupon of 3 percent issued on March 15, 2005.
Here is the same bond but using the ISDA convention.
Here is the interest accrued before the first coupon payment.
Compare this to
This shows the interest accrued right after the first coupon payment.
Here is the interest accrued two months after the first coupon payment.
Compare accrued interest and the difference between the clean price and the dirty price of a bond.
See Also
Finance[CleanPrice], Finance[DayCounter], Finance[DirtyPrice], Finance[EvaluationDate], Finance[FixedCouponBond], Finance[FloatingRateBond], Finance[FormatDate], Finance[ParseDate], Finance[Settings], Finance[YearFraction], Finance[YieldFromCleanPrice], Finance[YieldFromDirtyPrice], Finance[ZeroCouponBond]
Download Help Document
