We present interband optical conductivity and oscillator strength calc
ulations of PrAg within the linear muffin-tin orbital formalism in the
atomic sphere approximation. We have compared the optical spectra for
both the ferromagnetic and paramagnetic phases at normal pressure and
found that exchange interaction has considerable influence on its opt
ical properties, thereby ascertaining the ferromagnetic nature of PrAg
. The oscillator strength or the transition probability plays a vital
role in determining the magnitude and position of the peaks in the opt
ical spectrum. Application of pressure decreases the optical conductiv
ity at 0.4 Ryd but the crucial peak at around 0.04 Ryd is displaced to
0.08 Ryd with reduced magnitude. (C) 1998 American Institute of Physi
cs. [S0021-8979(98)01216-X].