Best Response

I would think you would discount it, using .625, 1.625, 2.625, 3.625 periods, which would give you the PV of cash flows discounted to Feb.;

Here's why: You have the norm mid year periods of .5 (2014), 1.5 ('15), 2.5 ('16), 3.5 (2017), which will discount back to April of this year. Now, I'm not sure when you using the mid-year convention if we would do it this way, but since feb to april is ~3 months, it would be an addition of .125, since .25 would be 3 months and since the cash if building up 'during' the 3 months (feb-april), the period would be .125 -- add that to your norm periods and you get the aforementioned periods.

Not sure if this would be correct, so if anyone else more experience can comment, that'd be great.

Also, this would be from beginning of Feb. to April 30th (3 months), so just adjust for today's date or whatever your valuation date is.

 

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