[OFFICE-2272] PRICEMAT: wrong constraints - OASIS Technical Committees Issue Tracker

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Proposal:

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Change Constraints from
Rate, AnnualYield, and Redemption should be greater than 0.

to
Rate >= 0, AnnualYield >= 0

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Change Constraints from Rate, AnnualYield, and Redemption should be greater than 0. to Rate >= 0, AnnualYield >= 0
Resolution:

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In Syntax, changed "Number Issue" parameter to "DateParam Issue".

Changed Constraints from
Rate, AnnualYield, and Redemption should be greater than 0.

to
Settlement < Maturity, Rate >= 0, AnnualYield >= 0

Added to Semantics:
If both, Rate and AnnualYield, are 0, the return value is 100.

Show
In Syntax, changed "Number Issue" parameter to "DateParam Issue". Changed Constraints from Rate, AnnualYield, and Redemption should be greater than 0. to Settlement < Maturity, Rate >= 0, AnnualYield >= 0 Added to Semantics: If both, Rate and AnnualYield, are 0, the return value is 100.

PRICEMAT constraints read

Constraints: Rate, AnnualYield, and Redemption should be greater than 0.

The function has no Redemption parameter. Furthermore, the constraints should be reformulated as

Constraints: Rate >= 0, AnnualYield >= 0

If both are 0, the return value is 100.