| Spread WinRT Documentation > Formula Reference > Formula Functions > PRICEMAT |
This function returns the price at maturity per $100 face value of a security that pays interest.
PRICEMAT(settle,mature,issue,rate,yield,basis)
This function has these arguments:
| Argument | Description |
|---|---|
| settle | Settlement date for the security |
| mature | Maturity date for the security |
| issue | Issue date for the security |
| rate | Interest rate for the security at the issue date |
| yield | Annual yield for the security |
| basis | [Optional] Integer representing the basis for day count (Refer to Day Count Basis.) |
This function returns a #VALUE! error when settle, mature, or issue is invalid. Settle, mature, issue, and basis are truncated to integers. If rate or yield is less than 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.
Accepts numeric data for all arguments. Returns numeric data.
PRICEMAT(A1,A2,A5,A7,A7,1)
PRICEMAT(R1C1,R2C1,R5C5,R5C7,R5C9,2)
PRICEMAT("5/15/2004","9/1/2004","5/15/2003",0.06,0.07,3) gives the result 99.5842915904314