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PRICEDISC

Summary

This function returns the price per $100 face value of a discounted security.

Syntax

PRICEDISC(settle,mature,discount,redeem,basis)

Arguments

This function has these arguments:

Argument Description
settle Settlement date for the security.
mature Maturity date for the security.
discount 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 discount 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

PRICEDISC(A1,A2,A5,A7,1)

PRICEDISC(R1C1,R2C1,R5C5,R5C7,2)

PRICEDISC("5/15/2004","9/1/2004",0.06,100,3) gives the result 98.20822

See Also

 

 


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