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# bill Bond Equiv

Return the bond-equivalent yield for a treasury bill. Excel: TBILLEQ
Controller: CodeCogs

C++
Excel
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## BillBondEquiv

 doublebillBondEquiv( int sett int mat double rate )
This function calculates the bond-equivalent yield for a treasury bill. It does so using the following equation:

Where: rate is the discount rate, DSM is the number of days between settlement and maturity, computed according to the 360-day year basis. The actual date difference function used is dateDiff360, in dd_USA mode.

## References:

Microsoft Excel help file

### Example 1

#include <iostream>

#include <codecogs/units/date/date.h>
#include <codecogs/finance/banking/yearlyfreq.h>
#include <codecogs/finance/banking/billbondequiv.h>

int
main(int argc, char *argv[])
{
int settDate=Units::Date::date(1999, 3, 31);
int maturityDate=Units::Date::date(1999, 6, 1);

double yield=Finance::Banking::billBondEquiv(settDate,
maturityDate,
0.0914);
int y, m, d;

Units::Date::dateYMD(settDate, y, m, d); printf("settlement=%i/%i/%i\n", y, m, d);

Units::Date::dateYMD(maturityDate, y, m, d); printf("maturity=%i/%i/%i\n", y, m, d);

printf("bond equivalent yield=%f\n", yield);   exit(EXIT_SUCCESS); }
Output:
settlement=1999/3/31
maturity=1999/6/1
bond equivalent yield=0.094151

serial Julian date.

### Parameters

 sett The settlement date, expressed as a serial Julian date. mat The maturity date of the treasury bill, expressed as a

### Returns

The bond-equivalent yield of a treasury bill.

### Authors

James Warren (August 2005)
##### Source Code

Source code is available when you buy a Commercial licence.

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