This function calculates the annual yield for a discounted security.
Syntax
YIELDDISC(settle,maturity,price,redeem,basis)
Arguments
This function has these arguments:
| Argument | Description |
|---|---|
| settle | Settlement date for the security |
| maturity | Maturity date for the security |
| price | Price per $100 face value for the security |
| redeem | Redemption value per $100 face value |
| basis | [Optional] Integer representing the basis for day count (Refer to Day Count Basis.) |
Remarks
This function returns a #VALUE! error when settle or maturity is invalid. If price or redeem is less than or equal to 0, a #NUM! error is returned. If basis is less than 0 or greater than 4, a #NUM! error is returned. If settle is greater than or equal to maturity, a #NUM! error is returned. Settle, maturity, and basis are truncated to integers.
Data Types
Accepts numeric data and dates. Returns numeric data.
Examples
YIEDDISC(B1,B2,B3,B4,B5)
Version Available
This function is available in product version 2.0 or later.
See Also
YIELD | YIELDMAT | ODDLYIELD | Financial Functions