This function calculates the annual yield of a security that pays interest at maturity.
Syntax
YIELDMAT(settle,maturity,issue,issrate,price,basis)
Arguments
This function has these arguments:
| Argument | Description |
|---|---|
| settle | Settlement date for the security |
| maturity | Maturity date for the security |
| issue | Issue date for the security |
| issrate | Interest rate for the security at the date of issue |
| price | Price per $100 face value for the security |
| basis | [Optional] Integer representing the basis for day count (Refer to Day Count Basis.) |
Remarks
This function returns a #VALUE! error when settle, maturity, or issue is invalid. If issrate is less than 0 or price 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, issue, and basis are truncated to integers.
Data Types
Accepts numeric and date data. Returns numeric data.
Examples
YIELDMAT(C1,C2,C3,C4,C5,C6)
Version Available
This function is available in product version 2.0 or later.
See Also
YIELD | YIELDDISC | PRICEMAT | Financial Functions