Formula Functions > Functions T to Z > YIELD |
This function calculates the yield on a security that pays periodic interest.
YIELD(settle,maturity,rate,price,redeem,frequency,basis)
This function has these arguments:
Argument | Description |
---|---|
settle | Settlement date for the security |
maturity | Maturity date for the security |
rate | Annual coupon rate |
price | Price per $100 face value for the security |
redeem | Redemption value per $100 face value |
frequency | Frequency of payment, number of coupon payments per year; must be 1, 2, or 4 |
basis | [Optional] Integer representing the basis for day count (Refer to Day Count Basis.) |
This function returns a #VALUE! error when settle or maturity is invalid. A #NUM! error is returned if frequency is a number other than 1, 2, or 4. If rate is less than 0, a #NUM! error is returned. 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, frequency, and basis are truncated to integers.
Accepts numeric data and dates. Returns numeric data.
YIELD(A1,A2,A3,A4,A5,A6,A7)
This function is available in product version 2.0 or later.
YIELDDISC | YIELDMAT | ODDFYIELD | Financial Functions