INTRATE

This function calculates the interest rate for a fully invested security.

Syntax

INTRATE(settle,mature,invest,redeem,basis)

Arguments

This function has these arguments:

Argument	Description
settle	Settlement date for the security.
mature	Maturity date for the security.
invest	Amount invested in the security.
redeem	Amount to be received at maturity.
basis	[Optional] Integer representing the basis for day count (Refer to Day Count Basis.)

Remarks

This function returns a #VALUE! error when settle or mature is invalid. Settle, mature, and basis are truncated to integers. If invest 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 mature, a #NUM! error is returned.

Data Types

Accepts numeric data for all arguments. Returns numeric data.

Examples

INTRATE(A1,B3,70000,72000,3)

INTRATE(R1C1,R4C4,82000,86500,2)

INTRATE("3/1/2003","5/31/2003",65000,70000,2) gives the result 0.304311074

Version Available

This function is available in product version 1.0 or later.