Abstract
The multitude of day count conventions and the prevalence of irregular coupon periods constitute a major complication for the comparative analysis of interest accruing securities across markets. I develop the first generalized pricing methodology for straight bonds that allows for irregular coupon periods of any length and precisely accounts for any conceivable day count convention. In a comprehensive compendium, I distinguish between the individual conventions, relating them to each other in a consistent mathematical notation. Using one universal valuation formula, I derive closed form solutions for modified duration and convexity. My R-Package Bond Valuation closes the gap between theory and data.
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