
hi All,

Can I do something like this, really wondering 

I have a securities details like this :

Security Name : Xa
Coupon : 6.322%  = Xb
Yield : 5.6% = Xc
Maturity : 12-Aug-2010 = Xd
Settlement Date : 10-Oct-2006 = Xe

Can I find the zero coupon price like this P1 = price(Xe, Xd, Xc, 0%) 
where all details are same as the abov security except the coupon which is 
zero. Further, then I find the Yield with This Price P1 which i get as Y1 
(Y1 = yield(Xe, Xd, P1, 0%). 

Is Y1 a zero coupon bond equivalent yield ???


Thanks in advance,
-Gaurav



   Sayonara With Smile & With Warm Regards :-)

  G a u r a v   Y a d a v
  Senior Executive Officer,
  Economic Research & Surveillance Department,
  Clearing Corporation Of India Limited.

  Address: 5th, 6th, 7th Floor, Trade Wing 'C',  Kamala City, S.B. Marg, 
Mumbai - 400 013
  Telephone(Office): - +91 022 6663 9398 ,  Mobile(Personal) (0)9821286118
  Email(Office) :- gyadav@ccilindia.co.in ,  Email(Personal) :- 
emailtogauravyadav@gmail.com


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