Description
Multiply nonnegative quotePercentOfPar/100 by nonnegative parAmount for cashPrice.
Financial model terms depend on a currency, valuation date, and stated formula. A supplied discount or allocation rule is a modeling assumption and does not establish a market price or an appropriate investment decision.
Multiply nonnegative quotePercentOfPar/100 by nonnegative parAmount for cashPrice.
When to use this tool
Use Quoted Price Per PAR Crosswalk when you need one financial arithmetic component under explicit supplied assumptions.
How to use the tool and how it works
- Enter quotePercentOfPar, parAmount. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read cashPrice. Use the output convention below.
Multiply nonnegative quotePercentOfPar/100 by nonnegative parAmount for cashPrice.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| quotePercentOfPar | Quote Percent Of Par | Required. Finite number; minimum 0. |
| parAmount | Par Amount | Required. Finite number; minimum 0. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| cashPrice | Cash Price | Required. Finite number. |
{
"input": {
"quotePercentOfPar": 98.5,
"parAmount": 1000
},
"output": {
"cashPrice": 985
}
}Limitations and assumptions
- The quote is percent of par, not a decimal fraction; accrued interest, fees, settlement conventions, and an instrument's actual price are not determined.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Evaluate the complete cash-flow model, contract terms, and relevant professional advice before acting on the result.
References
Similar or alternative tools
- Bond Redemption Premium Per PAR
Subtract positive parAmount from nonnegative redemptionAmount for premiumAmount and divide by par times 100 for premiumPercentOfPar.
- Share Denominator Reversal Pair
Require both amounts positive and return firstAmount/secondAmount and its reciprocal.